Janney Montgomery Scott LLC Acquires 2,712 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Janney Montgomery Scott LLC raised its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,545 shares of the business services provider’s stock after purchasing an additional 2,712 shares during the period. Janney Montgomery Scott LLC’s holdings in MARA were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Truvestments Capital LLC purchased a new position in shares of MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC grew its holdings in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the period. Signaturefd LLC grew its holdings in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of MARA during the 3rd quarter worth approximately $50,000. Finally, First Trust Direct Indexing L.P. purchased a new position in shares of MARA during the 3rd quarter worth approximately $166,000. Institutional investors own 44.53% of the company’s stock.

Insider Activity

In other news, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This represents a 4.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,915 shares of company stock valued at $2,956,634 in the last ninety days. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MARA has been the topic of several recent research reports. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

Shares of MARA opened at $16.24 on Thursday. The business’s fifty day simple moving average is $19.49 and its two-hundred day simple moving average is $18.65. 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 Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 20.56 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. Research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.