13,502 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Acquired by Captrust Financial Advisors

Captrust Financial Advisors purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,502 shares of the business services provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. acquired a new position in MARA in the third quarter valued at approximately $640,000. Finally, Intech Investment Management LLC acquired a new stake in shares of MARA in the third quarter valued at approximately $1,107,000. 44.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.56.

MARA Trading Up 0.7 %

MARA stock opened at $22.73 on Monday. The stock has a market cap of $7.32 billion, a PE ratio of 28.77 and a beta of 5.63. The stock has a 50-day moving average price of $20.75 and a 200 day moving average price of $19.26. 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.

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

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,922 shares of company stock valued at $2,628,007. Insiders own 0.97% 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.