102,969 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 102,969 shares of the business services provider's stock, valued at approximately $1,184,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Inc. OK bought a new position in MARA during the fourth quarter valued at about $699,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after acquiring an additional 372,094 shares during the period. Van ECK Associates Corp boosted its position in shares of MARA by 51.6% during the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider's stock valued at $28,120,000 after acquiring an additional 570,803 shares in the last quarter. Rhumbline Advisers increased its stake in MARA by 6.6% in the fourth quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider's stock valued at $13,987,000 after acquiring an additional 51,643 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in MARA by 589.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider's stock worth $69,000 after purchasing an additional 3,387 shares in the last quarter. Institutional investors own 44.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MARA. Compass Point reissued a "sell" rating and set a $9.50 price target (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. Barclays boosted their target price on MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. HC Wainwright reissued a "buy" rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.83.

MARA Stock Down 1.6%

NASDAQ MARA traded down $0.26 during trading hours on Thursday, hitting $16.09. 15,335,194 shares of the company traded hands, compared to its average volume of 44,987,155. MARA Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The business's 50-day moving average is $14.23 and its 200-day moving average is $16.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 20.37 and a beta of 6.61.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm's quarterly revenue was up 29.5% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 55,010 shares of the company'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 value of $825,150.00. Following the transaction, the chief executive officer now owns 4,146,804 shares in the company, valued at approximately $62,202,060. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 33,400 shares of MARA stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the completion of the sale, the chief financial officer now owns 1,680,971 shares of the company's stock, 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. Insiders have sold a total of 136,615 shares of company stock valued at $2,083,284 over the last three months. 0.80% of the stock is currently owned by insiders.

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.