MARA Holdings, Inc. (NASDAQ:MARA) Stock Position Decreased by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,050 shares of the business services provider’s stock after selling 3,870 shares during the period. Stifel Financial Corp’s holdings in MARA were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MARA. Truvestments Capital LLC acquired a new stake in shares of MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC increased its position in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC lifted its stake in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MARA during the third quarter valued at $50,000. Finally, Tobam grew its position in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock valued at $3,258,686 in the last three months. 0.97% of the stock is currently owned by corporate insiders.

MARA Price Performance

Shares of MARA stock opened at $18.44 on Friday. MARA Holdings, Inc. has a 52 week low of $13.16 and a 52 week high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $19.33. The stock has a market cap of $5.93 billion, a PE ratio of 23.34 and a beta of 5.63.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and an average price target of $25.80.

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.