Rhumbline Advisers Grows Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Rhumbline Advisers increased its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 917,299 shares of the business services provider’s stock after acquiring an additional 83,242 shares during the period. Rhumbline Advisers owned about 0.27% of MARA worth $10,549,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC acquired a new position in MARA during the 4th quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in MARA during the 4th quarter worth about $27,000. Sterling Capital Management LLC raised its position in MARA by 358.3% in the 4th 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. Spire Wealth Management raised 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 valued at $48,000 after purchasing an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in MARA in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of analyst reports. Compass Point reaffirmed a “sell” rating and issued a $9.50 price target (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Rosenblatt Securities increased their price target on MARA from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Barclays raised their target price on MARA from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.83.

Insider Buying and Selling at MARA

In other news, Director Douglas K. Mellinger sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the sale, the director now directly owns 176,859 shares of the company’s stock, valued at $2,829,744. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 55,010 shares of MARA stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the transaction, the chief executive officer now directly owns 4,146,804 shares of the company’s stock, valued at approximately $62,202,060. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,615 shares of company stock worth $2,067,284. 0.80% of the stock is currently owned by insiders.

MARA Trading Up 3.1%

NASDAQ:MARA opened at $16.27 on Tuesday. The stock’s 50 day moving average price is $14.03 and its 200 day moving average price is $16.58. The company has a market capitalization of $5.73 billion, a PE ratio of 20.59 and a beta of 6.61. 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 52-week low of $9.81 and a 52-week high of $30.28.

MARA (NASDAQ:MARA) last announced its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $234.19 million. During the same quarter last year, the business posted $1.26 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, research 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.