MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lowered its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 25.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,719 shares of the business services provider's stock after selling 45,788 shares during the period. EverSource Wealth Advisors LLC's holdings in MARA were worth $2,136,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its position in MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after acquiring an additional 695 shares during the period. Signaturefd LLC boosted its holdings in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MARA during the third quarter worth about $50,000. DekaBank Deutsche Girozentrale acquired a new position in shares of MARA during the first quarter worth about $105,000. Finally, Tobam increased its holdings in MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider's stock valued at $125,000 after buying an additional 4,880 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MARA. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut shares of MARA from a "buy" rating to a "neutral" rating and upped their price target for the company from $21.00 to $25.00 in a report on Thursday. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of MARA from $14.00 to $12.00 and set an "underweight" rating for the company in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.88.

MARA Price Performance

NASDAQ:MARA traded up $1.74 during trading hours on Thursday, hitting $24.37. The stock had a trading volume of 89,025,844 shares, compared to its average volume of 55,002,250. MARA Holdings, Inc. has a one year low of $9.88 and a one year high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 29.43 and a beta of 5.52. The company has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $18.67.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results 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 negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. During the same period in the previous year, the business earned ($0.05) EPS. The business's revenue was up 34.4% compared to the same quarter last year. Research analysts forecast that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,622 shares of company stock worth $2,399,805 in the last ninety days. Insiders own 0.97% of the company's stock.

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.