MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,065 shares of the business services provider’s stock after selling 7,325 shares during the period. Nisa Investment Advisors LLC’s holdings in MARA were worth $689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sara Bay Financial lifted its stake in shares of MARA by 5.3% during the fourth quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock valued at $2,121,000 after buying an additional 6,141 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of MARA in the fourth quarter worth $231,000. Fiduciary Alliance LLC purchased a new position in MARA in the fourth quarter valued at about $397,000. GAMMA Investing LLC lifted its position in MARA by 102.0% during the 4th quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider’s stock worth $215,000 after acquiring an additional 6,485 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Trading Down 0.1 %

Shares of NASDAQ MARA opened at $18.26 on Wednesday. The business has a fifty day simple moving average of $21.30 and a 200-day simple moving average of $19.08. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 23.11 and a beta of 5.76. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. Sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other news, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock worth $2,980,694 over the last three months. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MARA. B. Riley lifted 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. Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.67.

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.