ExodusPoint Capital Management LP Acquires Shares of 153,799 MARA Holdings, Inc. (NASDAQ:MARA)

ExodusPoint Capital Management LP acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 153,799 shares of the business services provider's stock, valued at approximately $2,579,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC increased its position in shares of MARA by 97.4% during the 3rd quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider's stock worth $435,000 after purchasing an additional 13,232 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of MARA in the 3rd quarter worth approximately $219,000. HighTower Advisors LLC increased its holdings in MARA by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 134,713 shares of the business services provider's stock valued at $2,176,000 after purchasing an additional 11,360 shares in the last quarter. Wellington Management Group LLP raised its position in MARA by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 39,231 shares of the business services provider's stock valued at $636,000 after purchasing an additional 4,334 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of MARA in the third quarter valued at about $1,072,000. Institutional investors own 44.53% of the company's stock.

MARA Stock Up 3.4 %

Shares of MARA traded up $0.40 on Friday, hitting $12.14. The company's stock had a trading volume of 15,901,349 shares, compared to its average volume of 45,381,169. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 15.44 and a beta of 6.10. The firm's fifty day moving average price is $13.87 and its 200-day moving average price is $17.71. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

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MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results 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 firm 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%. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's 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 directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MARA shares. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, Barclays reduced their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, MARA has an average rating of "Hold" and a consensus target price of $22.80.

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.