MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC grew its position in MARA Holdings, Inc. (NASDAQ:MARA) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,541 shares of the business services provider’s stock after purchasing an additional 992 shares during the quarter. CoreCap Advisors LLC’s holdings in MARA were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MARA. Norges Bank acquired a new stake in shares of MARA in the 4th quarter valued at $46,413,000. Vanguard Group Inc. raised its holdings in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of MARA by 192.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after purchasing an additional 1,248,292 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after purchasing an additional 1,240,354 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of MARA by 1,726.2% in the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock valued at $12,015,000 after purchasing an additional 677,199 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value 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 trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of analyst reports. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, April 24th. Piper Sandler dropped their target price on shares of MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Barclays dropped their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.50.

MARA Trading Up 10.1%

Shares of MARA stock opened at $15.74 on Monday. MARA Holdings, Inc. has a 1 year low of $9.81 and a 1 year 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. The company has a market capitalization of $5.54 billion, a P/E ratio of 19.92 and a beta of 6.82. The company’s fifty day moving average is $13.08 and its two-hundred day moving average is $17.23.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $234.19 million. During the same period in the previous year, the business posted $1.26 earnings per share. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

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.