Raymond James Financial Inc. Invests $1.41 Million in MARA Holdings, Inc. (NASDAQ:MARA)

Raymond James Financial Inc. bought a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 83,948 shares of the business services provider's stock, valued at approximately $1,408,000.

Other large investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new stake in shares of MARA in the 4th quarter valued at $26,000. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of 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 in the last quarter. Spire Wealth Management increased its stake in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in MARA during the 4th quarter worth approximately $50,000. Finally, Blue Trust Inc. boosted its position in MARA by 415.6% in the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock valued at $56,000 after buying an additional 2,693 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays reduced their price objective on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 target price on the stock. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, April 24th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $22.80.

MARA Price Performance

Shares of MARA opened at $14.48 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The stock has a market cap of $5.01 billion, a PE ratio of 18.33 and a beta of 6.10. The firm has a fifty day moving average price of $13.03 and a 200 day moving average price of $17.41.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

MARA 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.

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