MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in MARA Holdings, Inc. (NASDAQ:MARA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,661,132 shares of the business services provider's stock after acquiring an additional 395,476 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.49% of MARA worth $27,859,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MARA. Beacon Capital Management LLC acquired a new stake in MARA in the fourth quarter valued at approximately $26,000. Sterling Capital Management LLC grew its holdings in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares during the period. Spire Wealth Management grew its holdings in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in MARA in the fourth quarter valued at approximately $50,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction 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 sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas K. Mellinger sold 3,000 shares of MARA stock in a transaction on Friday, May 9th. The shares were 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 $2,829,744. This represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,615 shares of company stock valued at $2,088,610. Insiders own 0.80% of the company's stock.

MARA Stock Performance

NASDAQ MARA opened at $15.87 on Thursday. The stock's fifty day moving average is $13.12 and its two-hundred day moving average is $17.21. The firm has a market capitalization of $5.59 billion, a P/E ratio of 20.09 and a beta of 6.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

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 company had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on MARA. JPMorgan Chase & Co. dropped their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Rosenblatt Securities began coverage on MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective on the stock. Compass Point reissued 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. Piper Sandler lowered their price target on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.72.

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.

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