MARA Holdings, Inc. (NASDAQ:MARA) Stock Position Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 192.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,897,200 shares of the business services provider's stock after purchasing an additional 1,248,292 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.56% of MARA worth $31,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new position in MARA during the fourth quarter worth about $26,000. Sterling Capital Management LLC lifted its holdings in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after acquiring 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 position in MARA during the fourth quarter worth approximately $50,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Stock Up 3.1 %

Shares of MARA stock traded up $0.43 on Friday, hitting $14.48. The stock had a trading volume of 56,508,567 shares, compared to its average volume of 45,237,572. The stock's 50 day moving average is $13.03 and its 200-day moving average is $17.41. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 18.33 and a beta of 6.82. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. 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 (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MARA. Rosenblatt Securities started coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Piper Sandler reduced their price objective on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. HC Wainwright reissued a "buy" rating and set a $28.00 target price on shares of MARA in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.80.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 position. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

MARA Company Profile

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.