Baader Bank Aktiengesellschaft Takes $419,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

Baader Bank Aktiengesellschaft acquired a new position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,000 shares of the business services provider's stock, valued at approximately $419,000.

Several other hedge funds have also recently bought and sold shares of MARA. Geode Capital Management LLC raised its stake in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after acquiring an additional 217,106 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. Millennium Management LLC increased its stake in shares of MARA by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider's stock valued at $26,477,000 after acquiring an additional 149,805 shares during the period. Finally, Van ECK Associates Corp raised its holdings in MARA by 12.8% during the third quarter. Van ECK Associates Corp now owns 1,106,037 shares of the business services provider's stock worth $17,940,000 after purchasing an additional 125,717 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares of the company's stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,915 shares of company stock worth $2,980,694 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and increased their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 target price for the company. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. 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. Finally, Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $21.00 to $25.00 in a report 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.67.

MARA Stock Down 2.5 %

NASDAQ:MARA traded down $0.47 during trading hours on Monday, hitting $17.88. 35,387,580 shares of the company's stock traded hands, compared to its average volume of 39,106,445. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The firm has a market cap of $6.07 billion, a P/E ratio of 22.76 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock's fifty day moving average price is $20.97 and its two-hundred day moving average price is $18.94.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to analysts' expectations of $140.26 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business's revenue for the quarter was up 34.4% on a year-over-year basis. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.