Raymond James Financial Inc. Takes Position in MARA Holdings, Inc. (NASDAQ:MARA)

Raymond James Financial Inc. bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 83,948 shares of the business services provider’s stock, valued at approximately $1,408,000.

Other large investors have also recently bought and sold shares of the company. Weiss Asset Management LP purchased a new stake in MARA during the 3rd quarter worth about $1,557,000. Capital Advisors Inc. OK acquired a new stake in shares of MARA during the 4th quarter worth about $699,000. Arkadios Wealth Advisors purchased a new stake in MARA during the fourth quarter worth approximately $231,000. Foundations Investment Advisors LLC boosted its holdings in MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock valued at $1,877,000 after purchasing an additional 42,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after purchasing an additional 372,094 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MARA shares. Rosenblatt Securities started coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Barclays decreased their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.80.

MARA Stock Performance

NASDAQ MARA opened at $11.84 on Wednesday. The firm has a market cap of $4.09 billion, a P/E ratio of 14.99 and a beta of 5.95. MARA Holdings, Inc. has a 52-week low of $11.05 and a 52-week high of $30.28. The business’s 50-day moving average price is $15.20 and its 200 day moving average price is $18.01. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last posted its quarterly earnings data 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 company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 in the last three months. Insiders own 0.80% of the company’s stock.

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.