Norges Bank Invests $46.41 Million in MARA Holdings, Inc. (NASDAQ:MARA)

Norges Bank purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,767,591 shares of the business services provider's stock, valued at approximately $46,413,000. Norges Bank owned approximately 0.82% of MARA at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MARA. Spire Wealth Management boosted its position in shares of 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 purchasing an additional 599 shares during the last quarter. United Services Automobile Association boosted 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 buying an additional 635 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its position 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 buying an additional 860 shares during the period. New York State Teachers Retirement System increased its stake in shares of MARA by 0.5% in 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 acquiring an additional 1,299 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of MARA by 73.3% in the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider's stock valued at $60,000 after acquiring an additional 1,505 shares during the period. 44.53% of the stock is currently owned by institutional investors.

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Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares of the company's stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MARA shares. HC Wainwright restated a "buy" rating and set a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities initiated coverage on MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price objective on the stock. Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their price target on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Needham & Company LLC reiterated 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 assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.80.

MARA Stock Down 6.6 %

MARA stock traded down $0.74 during mid-day trading on Tuesday, reaching $10.52. The company's stock had a trading volume of 34,613,519 shares, compared to its average volume of 45,410,008. The business's 50 day simple moving average is $14.25 and its 200 day simple moving average is $17.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 13.32 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share 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.