83,948 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,948 shares of the business services provider's stock, valued at approximately $1,408,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in 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 purchasing an additional 599 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings 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 valued at $33,000 after buying an additional 860 shares during the period. New York State Teachers Retirement System boosted its stake in MARA by 0.5% in the fourth 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. US Bancorp DE grew its holdings in MARA by 73.3% during the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider's stock worth $60,000 after acquiring an additional 1,505 shares during the period. Finally, Beacon Capital Management LLC bought a new stake in shares of MARA during the 4th quarter valued at $26,000. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Stock Up 0.6 %

Shares of MARA stock traded up $0.07 on Friday, hitting $11.30. The company had a trading volume of 44,859,943 shares, compared to its average volume of 45,450,800. The stock has a 50-day moving average of $14.71 and a 200-day moving average of $17.91. 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 twelve month low of $9.81 and a twelve month high of $30.28. The firm has a market capitalization of $3.91 billion, a P/E ratio of 14.30 and a beta of 6.09.

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 negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. Research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,710 shares of company stock valued at $1,226,825. Insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

MARA has been the topic of several recent research reports. Piper Sandler reduced their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. 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 report on Monday, March 3rd. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Finally, Rosenblatt Securities started coverage on shares of MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $22.80.

MARA 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.