Corient Private Wealth LLC Acquires Shares of 11,650 MARA Holdings, Inc. (NASDAQ:MARA)

Corient Private Wealth LLC bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,650 shares of the business services provider’s stock, valued at approximately $195,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Natixis Advisors LLC raised its stake in MARA by 95.6% during the 4th quarter. Natixis Advisors LLC now owns 30,703 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 15,004 shares during the last quarter. United Capital Management of KS Inc. raised its stake in shares of MARA by 10.7% during the fourth quarter. United Capital Management of KS Inc. now owns 32,427 shares of the business services provider’s stock worth $544,000 after purchasing an additional 3,130 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of MARA by 35.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 105,385 shares of the business services provider’s stock worth $1,767,000 after purchasing an additional 27,324 shares during the period. Swiss National Bank grew its position in MARA by 4.9% in the 4th quarter. Swiss National Bank now owns 579,200 shares of the business services provider’s stock valued at $9,713,000 after buying an additional 27,200 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in MARA by 96.0% in the 4th quarter. Farther Finance Advisors LLC now owns 9,001 shares of the business services provider’s stock valued at $151,000 after buying an additional 4,408 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MARA shares. JPMorgan Chase & Co. reduced their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average target price of $22.80.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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. Over the last quarter, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

MARA Stock Performance

Shares of MARA stock opened at $11.84 on Wednesday. The stock has a fifty day moving average price of $15.20 and a 200 day moving average price of $18.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $4.09 billion, a PE ratio of 14.99 and a beta of 5.95. MARA Holdings, Inc. has a 1 year low of $11.05 and a 1 year high of $30.28.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business 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%. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal 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.