MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 134,868 shares of the business services provider’s stock after acquiring an additional 3,149 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in MARA were worth $2,262,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MARA. Amalgamated Bank lifted its stake in shares of MARA by 3.4% in the third quarter. Amalgamated Bank now owns 86,113 shares of the business services provider’s stock worth $1,397,000 after acquiring an additional 2,838 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after acquiring an additional 37,150 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of MARA by 6.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 106,874 shares of the business services provider’s stock worth $1,733,000 after acquiring an additional 6,167 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of MARA in the third quarter worth about $510,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Stock Down 1.6 %

NASDAQ:MARA opened at $13.11 on Thursday. The firm has a market capitalization of $4.53 billion, a PE ratio of 16.59 and a beta of 5.95. The stock has a 50 day moving average of $16.90 and a 200-day moving average of $18.34. MARA Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $30.28. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,915 shares of company stock valued at $2,265,643 over the last quarter. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MARA shares. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler lowered their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.30.

MARA Company 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.