MARA Holdings, Inc. (NASDAQ:MARA) Position Increased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 979,762 shares of the business services provider's stock after buying an additional 71,441 shares during the quarter. Deutsche Bank AG owned about 0.29% of MARA worth $16,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MARA. Franklin Resources Inc. lifted its position in MARA by 62.5% during the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock worth $537,000 after buying an additional 12,157 shares during the period. Principal Financial Group Inc. raised its holdings in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock worth $22,577,000 after purchasing an additional 37,150 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of MARA in the 4th quarter worth about $231,000. Sara Bay Financial raised its holdings in shares of MARA by 5.3% in the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider's stock worth $2,121,000 after purchasing an additional 6,141 shares during the period. Finally, Lake Hills Wealth Management LLC raised its holdings in shares of MARA by 27.1% in the 4th quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider's stock worth $218,000 after purchasing an additional 2,766 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MARA has been the topic of a number of research reports. Compass Point restated a "sell" rating and issued a $9.50 price objective (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. Barclays raised their price objective on MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler lowered their target price on MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.72.

MARA Stock Up 3.4%

NASDAQ MARA traded up $0.53 during mid-day trading on Friday, reaching $16.21. 40,548,554 shares of the company's stock traded hands, compared to its average volume of 45,021,046. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The company has a fifty day simple moving average of $13.22 and a 200-day simple moving average of $17.17. 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 company has a market cap of $5.70 billion, a price-to-earnings ratio of 20.52 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last issued 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. During the same quarter last year, the business earned $1.26 EPS. MARA's revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now owns 176,859 shares of the company's stock, valued at approximately $2,829,744. The trade was a 1.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,615 shares of company stock worth $2,088,610 in the last 90 days. 0.80% of the stock is owned by corporate 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.