Matauro LLC Increases Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Matauro LLC lifted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 27.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,959 shares of the business services provider's stock after buying an additional 59,787 shares during the period. MARA comprises 0.7% of Matauro LLC's investment portfolio, making the stock its 23rd largest position. Matauro LLC owned 0.08% of MARA worth $3,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Services Automobile Association raised its stake in shares of MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock valued at $320,000 after acquiring an additional 635 shares during the last quarter. Mackenzie Financial Corp raised its position in MARA by 5.1% during the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock valued at $304,000 after purchasing an additional 878 shares during the last quarter. CoreCap Advisors LLC raised its position in MARA by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock valued at $244,000 after purchasing an additional 992 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of MARA by 28.9% in the 4th quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider's stock worth $78,000 after buying an additional 1,040 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of MARA by 13.2% during the fourth quarter. Baird Financial Group Inc. now owns 10,620 shares of the business services provider's stock valued at $178,000 after buying an additional 1,238 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

MARA Stock Performance

MARA stock traded down $0.65 during trading on Tuesday, reaching $14.67. The stock had a trading volume of 54,351,290 shares, compared to its average volume of 45,166,791. The firm has a market cap of $5.16 billion, a PE ratio of 18.57 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 stock's 50 day moving average is $14.51 and its two-hundred day moving average is $16.20. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28.

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

Insider Buying and Selling

In other news, 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 value of $825,150.00. Following the transaction, the chief executive officer now owns 4,146,804 shares of the company's stock, valued at approximately $62,202,060. The trade was a 1.31% decrease in their ownership of the stock. 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 business's stock in a transaction dated 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 sale, the chief financial officer now owns 1,680,971 shares in the company, valued at $25,214,565. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,348 shares of company stock valued at $2,633,802. Company insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

MARA has been the topic of several recent analyst reports. Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Rosenblatt Securities increased their target price on MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Piper Sandler dropped 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. JPMorgan Chase & Co. increased their price objective on MARA from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.94.

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.