Centric Wealth Management Acquires 40,100 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Centric Wealth Management raised its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 44.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 130,101 shares of the business services provider's stock after buying an additional 40,100 shares during the period. Centric Wealth Management's holdings in MARA were worth $2,182,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC bought a new position in MARA during the fourth quarter valued at $26,000. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after acquiring an additional 860 shares during the period. Spire Wealth Management increased 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 worth $48,000 after acquiring an additional 599 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in MARA in the 4th quarter valued at about $50,000. Finally, Blue Trust Inc. lifted its holdings in MARA by 415.6% during the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock valued at $56,000 after purchasing an additional 2,693 shares during the last quarter. Institutional investors own 44.53% of the company's stock.

MARA Stock Performance

MARA traded up $0.58 during midday trading on Wednesday, hitting $12.42. 41,417,338 shares of the company traded hands, compared to its average volume of 45,418,981. The company's 50-day moving average is $15.05 and its 200 day moving average is $17.97. 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 $4.30 billion, a PE ratio of 15.72 and a beta of 6.09. MARA Holdings, Inc. has a 52 week low of $11.05 and a 52 week high of $30.28.

Remove Ads

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was 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 owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,710 shares of company stock worth $1,226,825. Corporate insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MARA shares. Barclays reduced their target price 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. B. Riley lifted 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. JPMorgan Chase & Co. dropped their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Piper Sandler reduced their price target on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, MARA has a consensus 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.