Yousif Capital Management LLC Grows Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

Yousif Capital Management LLC raised its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 3.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,578 shares of the business services provider’s stock after buying an additional 4,297 shares during the quarter. Yousif Capital Management LLC’s holdings in MARA were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new stake in MARA in the fourth quarter valued at about $26,000. Park Square Financial Group LLC purchased a new stake in MARA in the fourth quarter valued at about $27,000. Sterling Capital Management LLC raised its stake in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in MARA in the fourth quarter valued at about $50,000. Finally, Blue Trust Inc. raised its stake in MARA by 415.6% in the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock valued at $56,000 after buying an additional 2,693 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MARA has been the subject of a number of research analyst reports. Rosenblatt Securities increased their price target on MARA from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Barclays raised their price objective on MARA from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. raised their price objective on MARA from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday. Piper Sandler reduced their price objective on MARA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, MARA currently has an average rating of “Hold” and an average target price of $20.94.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 55,010 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 4,146,804 shares of the company’s stock, valued at approximately $62,202,060. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 34,733 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $15.85, for a total value of $550,518.05. Following the completion of the sale, the chief financial officer now directly owns 1,413,298 shares in the company, valued at approximately $22,400,773.30. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,348 shares of company stock valued at $2,633,802 over the last ninety days. Company insiders own 0.80% of the company’s stock.

MARA Stock Up 1.9%

MARA stock opened at $15.32 on Tuesday. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 19.39 and a beta of 6.61. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28. The business’s 50-day moving average price is $14.51 and its 200 day moving average price is $16.20. 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 (NASDAQ:MARA) last posted its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue was up 29.5% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share 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.