25,607 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Bought by Milestone Asset Management Group LLC

Milestone Asset Management Group LLC acquired a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,607 shares of the business services provider's stock, valued at approximately $429,000.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new stake in MARA in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA during the 4th quarter valued at $27,000. Sterling Capital Management LLC raised its position in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Spire Wealth Management raised its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in MARA during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 44.53% of the company's stock.

Insider Activity

In other MARA news, Director Douglas K. Mellinger sold 3,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $16.00, for a total transaction of $48,000.00. Following the transaction, the director now directly owns 176,859 shares of the company's stock, valued at approximately $2,829,744. The trade was a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 55,010 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $825,150.00. Following the transaction, the chief executive officer now directly owns 4,146,804 shares in the company, valued at approximately $62,202,060. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,315 shares of company stock valued at $2,322,961. Company insiders own 0.80% of the company's stock.

MARA Trading Down 3.0%

Shares of MARA stock traded down $0.44 during mid-day trading on Friday, reaching $14.17. The stock had a trading volume of 35,014,013 shares, compared to its average volume of 45,165,151. The stock's 50-day moving average price is $13.70 and its two-hundred day moving average price is $16.91. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. The firm has a market capitalization of $4.99 billion, a PE ratio of 17.94 and a beta of 6.82. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. Equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MARA shares. Piper Sandler lowered their price target on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Rosenblatt Securities raised their price objective on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday. Compass Point reissued a "sell" rating and set a $9.50 price target (down from $25.00) on shares of MARA in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.83.

About MARA

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.