NewEdge Advisors LLC Acquires 1,040 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

NewEdge Advisors LLC raised its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,640 shares of the business services provider’s stock after purchasing an additional 1,040 shares during the quarter. NewEdge Advisors LLC’s holdings in MARA were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Beacon Capital Management LLC bought a new position in MARA during the 4th quarter valued at $26,000. Sterling Capital Management LLC lifted its position in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Spire Wealth Management grew its position in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in MARA in the 4th quarter valued at about $50,000. Institutional investors own 44.53% of the company’s stock.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

MARA Trading Up 3.1 %

Shares of MARA stock opened at $14.48 on Friday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 18.33 and a beta of 6.82. The company’s fifty day simple moving average is $13.03 and its two-hundred day simple moving average is $17.40. 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 current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MARA. Barclays decreased their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities initiated coverage on shares of MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. Piper Sandler decreased their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, 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 note on Thursday, March 13th. One 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.