MARA Holdings, Inc. (NASDAQ:MARA) Stake Raised by Matauro LLC

Matauro LLC boosted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,959 shares of the business services provider's stock after purchasing an additional 59,787 shares during the quarter. MARA comprises 0.7% of Matauro LLC's portfolio, making the stock its 23rd biggest holding. Matauro LLC owned 0.08% of MARA worth $3,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MARA. United Services Automobile Association boosted its holdings in shares of MARA by 3.4% in the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock worth $320,000 after purchasing an additional 635 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after purchasing an additional 878 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of MARA by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock worth $244,000 after purchasing an additional 992 shares during the period. NewEdge Advisors LLC boosted its holdings in MARA by 28.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider's stock valued at $78,000 after acquiring an additional 1,040 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in MARA by 13.2% during the 4th quarter. Baird Financial Group Inc. now owns 10,620 shares of the business services provider's stock valued at $178,000 after acquiring an additional 1,238 shares during the period. Institutional investors own 44.53% of the company's stock.

MARA Stock Down 4.9%

MARA traded down $0.78 on Friday, hitting $15.04. 54,879,646 shares of the company were exchanged, compared to its average volume of 45,117,539. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $14.42 and a two-hundred day moving average price of $16.43. 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 posted its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The firm had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. On average, equities analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Douglas K. Mellinger sold 3,000 shares of the company'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 value of $48,000.00. Following the sale, the director now owns 176,859 shares of the company's stock, valued at approximately $2,829,744. This represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 33,400 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value 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 $25,214,565. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,348 shares of company stock worth $2,633,802. Company insiders own 0.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MARA shares. JPMorgan Chase & Co. boosted their price objective on MARA from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Friday. Rosenblatt Securities lifted their target price on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Compass Point reiterated a "sell" rating and set a $9.50 price objective (down from $25.00) on shares of MARA in a research note on Tuesday, May 6th. Finally, HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, MARA has an average rating of "Hold" and an average price target of $20.94.

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.