50,250 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Acquired by SLT Holdings LLC

SLT Holdings LLC purchased a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,250 shares of the business services provider’s stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MARA. Truvestments Capital LLC bought a new stake in shares of MARA during the 3rd quarter worth approximately $26,000. Beacon Capital Management LLC purchased a new position in MARA during the 4th quarter worth $26,000. Larson Financial Group LLC increased its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in MARA by 79.3% during the 4th 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 period. Finally, Spire Wealth Management increased its holdings in MARA by 26.7% during 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 during the period. 44.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,915 shares of company stock worth $2,289,443 in the last ninety days. 0.80% of the stock is owned by insiders.

MARA Stock Up 6.2 %

Shares of MARA stock opened at $16.02 on Friday. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $30.28. The stock’s fifty day moving average price is $17.05 and its 200 day moving average price is $18.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 20.28 and a beta of 5.95.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MARA has been the topic of several research reports. Rosenblatt Securities initiated coverage on MARA in a report on Friday. They set a “buy” rating and a $19.00 price objective on the stock. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus price target of $23.30.

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.