MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 62.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,561 shares of the business services provider’s stock after purchasing an additional 5,962 shares during the period. PNC Financial Services Group Inc.’s holdings in MARA were worth $261,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of MARA during the 3rd quarter worth approximately $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA during the 4th quarter worth approximately $26,000. Larson Financial Group LLC raised its holdings in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 599 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MARA has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Barclays lowered 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. HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Finally, B. Riley boosted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $22.80.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock valued at $1,226,825 in the last ninety days. Insiders own 0.80% of the company’s stock.

MARA Stock Down 1.0 %

Shares of MARA stock opened at $12.38 on Friday. The company has a fifty day moving average price of $15.97 and a 200 day moving average price of $18.08. 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 twelve month low of $12.03 and a twelve month high of $30.28. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 15.67 and a beta of 5.95.

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, beating 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 net margin of 27.48% and a negative return on equity of 8.40%. Equities research 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.