Thrive Wealth Management LLC Makes New $348,000 Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Thrive Wealth Management LLC purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 30,249 shares of the business services provider's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock valued at $128,755,000 after purchasing an additional 518,503 shares during the period. American Century Companies Inc. raised its stake in MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after buying an additional 1,240,354 shares in the last quarter. Northern Trust Corp increased its position in shares of MARA by 18.1% during the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock worth $55,233,000 after purchasing an additional 504,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after buying an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MARA. JPMorgan Chase & Co. reduced their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Piper Sandler lowered 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. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Finally, HC Wainwright reissued a "buy" rating and issued a $28.00 price objective 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. Based on data from MarketBeat, MARA presently has a consensus rating of "Hold" and a consensus price target of $20.83.

MARA Stock Up 6.0%

Shares of NASDAQ MARA traded up $0.90 during trading hours on Friday, hitting $15.78. The company had a trading volume of 61,151,553 shares, compared to its average volume of 45,044,621. The stock has a market capitalization of $5.55 billion, a P/E ratio of 19.97 and a beta of 6.82. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The firm's 50 day moving average is $13.95 and its 200-day moving average is $16.74.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly 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). The company had revenue of $213.88 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. On average, analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 33,400 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the transaction, the chief financial officer now directly owns 1,680,971 shares of the company's stock, valued at approximately $25,214,565. This trade represents a 1.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas K. Mellinger sold 3,000 shares of MARA 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 completion of the sale, the director now owns 176,859 shares in the company, valued at approximately $2,829,744. This represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,615 shares of company stock valued at $2,067,284. 0.80% of the stock is 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.