BNP Paribas Financial Markets Buys New Position in MARA Holdings, Inc. (NASDAQ:MARA)

BNP Paribas Financial Markets bought a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 50,038 shares of the business services provider's stock, valued at approximately $839,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management LLC bought a new stake in shares of MARA during the 4th quarter worth $26,000. Sterling Capital Management LLC raised its position in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after purchasing an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of MARA in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 44.53% of the company's stock.

MARA Price Performance

Shares of MARA stock opened at $15.84 on Thursday. The business's fifty day moving average is $13.42 and its 200 day moving average is $17.15. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 20.05 and a beta of 6.82. MARA Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Thursday, May 8th. The business services provider reported ($0.40) 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 the consensus estimate of $234.19 million. During the same quarter last year, the firm posted $1.26 EPS. The business's quarterly revenue was up 29.5% on a year-over-year basis. Research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MARA. Compass Point reissued a "sell" rating and set a $9.50 price objective (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Piper Sandler reduced their target price on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, MARA presently has a consensus rating of "Hold" and a consensus target price of $20.72.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas K. Mellinger sold 3,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the completion of the transaction, the director now owns 176,859 shares of the company's stock, valued at approximately $2,829,744. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,315 shares of company stock worth $2,322,961 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

MARA Profile

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.

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