Marshall Wace LLP Invests $4.21 Million in MARA Holdings, Inc. (NASDAQ:MARA)

Marshall Wace LLP acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 250,990 shares of the business services provider's stock, valued at approximately $4,209,000. Marshall Wace LLP owned approximately 0.07% of MARA as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Spire Wealth Management raised its position in shares of MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares in the last quarter. United Services Automobile Association raised its holdings in MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock worth $320,000 after purchasing an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after purchasing an additional 860 shares during the period. NewEdge Advisors LLC boosted its stake in MARA by 28.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider's stock valued at $78,000 after purchasing an additional 1,040 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of MARA by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider's stock valued at $4,650,000 after purchasing an additional 1,299 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

Analysts Set New Price Targets

MARA has been the subject of several research reports. Barclays decreased their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Piper Sandler reduced their price objective on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Thursday. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.80.

MARA Stock Performance

Shares of MARA stock opened at $14.01 on Friday. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 17.73 and a beta of 6.10. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock's fifty day simple moving average is $13.12 and its 200-day simple moving average is $17.49.

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

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the 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 transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.80% 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.

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