MARA Holdings, Inc. (NASDAQ:MARA) Stock Position Increased by Deutsche Bank AG

Deutsche Bank AG lifted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 979,762 shares of the business services provider’s stock after buying an additional 71,441 shares during the period. Deutsche Bank AG owned approximately 0.29% of MARA worth $16,431,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Advisors Inc. OK acquired a new position in shares of MARA in the 4th quarter worth $699,000. Arkadios Wealth Advisors purchased a new position in shares of MARA during the fourth quarter valued at $231,000. Foundations Investment Advisors LLC grew its holdings in shares of MARA by 61.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock valued at $1,877,000 after buying an additional 42,494 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings 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 valued at $15,076,000 after buying an additional 135,133 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Price Performance

MARA opened at $15.68 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a fifty day simple moving average of $13.16 and a 200 day simple moving average of $17.19. The stock has a market cap of $5.52 billion, a P/E ratio of 19.85 and a beta of 6.82.

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

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’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 transaction of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,615 shares of company stock worth $2,088,610. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target 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 assumed coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. Compass Point reiterated a “sell” rating and set a $9.50 price target (down previously from $25.00) on shares of MARA in a report on Tuesday, May 6th. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.