Exchange Traded Concepts LLC Has $12.53 Million Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Exchange Traded Concepts LLC lifted its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,089,562 shares of the business services provider's stock after purchasing an additional 190,558 shares during the period. Exchange Traded Concepts LLC owned 0.32% of MARA worth $12,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MARA. Avaii Wealth Management LLC lifted its position in shares of MARA by 75.2% in the first quarter. Avaii Wealth Management LLC now owns 29,678 shares of the business services provider's stock worth $341,000 after buying an additional 12,737 shares during the last quarter. Matauro LLC lifted its position in shares of MARA by 27.3% in the first quarter. Matauro LLC now owns 278,959 shares of the business services provider's stock worth $3,208,000 after buying an additional 59,787 shares during the last quarter. Tobam lifted its position in shares of MARA by 128.1% in the first quarter. Tobam now owns 23,435 shares of the business services provider's stock worth $270,000 after buying an additional 13,159 shares during the last quarter. Bellecapital International Ltd. acquired a new stake in shares of MARA in the first quarter worth about $130,000. Finally, CX Institutional acquired a new stake in shares of MARA in the first quarter worth about $68,000. 44.53% of the stock is currently owned by institutional investors.

MARA Stock Performance

Shares of MARA traded down $0.78 on Friday, reaching $15.04. 54,879,646 shares of the stock traded hands, compared to its average volume of 45,153,774. The stock's 50-day moving average price is $14.42 and its 200-day moving average price is $16.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Compass Point reaffirmed a "sell" rating and issued a $9.50 price target (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Barclays boosted their price objective on MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. raised their target price on MARA from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Finally, Piper Sandler dropped their target price on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.94.

Insider Buying and Selling at MARA

In other news, Director Douglas K. Mellinger sold 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the sale, the director now directly owns 176,859 shares in the company, valued at approximately $2,829,744. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 33,400 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,680,971 shares in the company, valued at approximately $25,214,565. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,348 shares of company stock valued at $2,633,802 in the last 90 days. 0.80% of the stock is currently owned by company 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.