Cibc World Markets Corp Purchases Shares of 26,647 MARA Holdings, Inc. (NASDAQ:MARA)

Cibc World Markets Corp purchased a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,647 shares of the business services provider's stock, valued at approximately $447,000.

Other large investors have also made changes to their positions in the company. Natixis Advisors LLC acquired a new stake in shares of MARA during the 3rd quarter valued at approximately $255,000. Thrivent Financial for Lutherans grew its stake in MARA by 2.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 231,248 shares of the business services provider's stock worth $3,751,000 after acquiring an additional 4,654 shares during the period. Swiss National Bank increased its stake in MARA by 4.9% in the third quarter. Swiss National Bank now owns 552,000 shares of the business services provider's stock valued at $8,953,000 after purchasing an additional 25,600 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of MARA during the 3rd quarter worth about $1,107,000. Finally, Charles Schwab Investment Management Inc. raised its stake in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after purchasing an additional 217,106 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Barclays dropped their price target 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. Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. Piper Sandler decreased their price target on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. One investment 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.80.

MARA Price Performance

Shares of MARA traded down $0.15 during trading hours on Thursday, hitting $13.64. The stock had a trading volume of 22,411,059 shares, compared to its average volume of 45,626,007. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.27 and a beta of 5.95. The company's fifty day moving average is $15.76 and its two-hundred day moving average is $18.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 52 week low of $12.03 and a 52 week high of $30.28.

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