Tower Research Capital LLC TRC Increases Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Tower Research Capital LLC TRC increased its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 48.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,106 shares of the business services provider’s stock after purchasing an additional 9,158 shares during the quarter. Tower Research Capital LLC TRC’s holdings in MARA were worth $471,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MARA. Capital Advisors Inc. OK purchased a new position in shares of MARA during the fourth quarter valued at approximately $699,000. Arkadios Wealth Advisors purchased a new position in MARA during the 4th quarter valued at $231,000. Foundations Investment Advisors LLC grew its position in MARA by 61.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock valued at $1,877,000 after acquiring an additional 42,494 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after purchasing an additional 372,094 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of MARA by 17.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider’s stock worth $15,076,000 after purchasing an additional 135,133 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s 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 owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

MARA Stock Up 1.5 %

MARA stock opened at $14.22 on Wednesday. The business has a fifty day moving average price of $13.01 and a 200-day moving average price of $17.47. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 18.00 and a beta of 6.10. 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 (NASDAQ:MARA) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Equities research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, April 24th. Piper Sandler lowered their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Barclays dropped 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, MARA currently has an average rating of “Hold” and a consensus target price of $22.80.

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.