WT Wealth Management Acquires New Position in MARA Holdings, Inc. (NASDAQ:MARA)

WT Wealth Management purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,021 shares of the business services provider’s stock, valued at approximately $168,000.

Several other large investors have also modified their holdings of MARA. Creative Planning raised its holdings in shares of MARA by 17.2% in the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 4,974 shares in the last quarter. Signaturefd LLC raised its holdings in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of MARA by 1,522.0% in the 3rd quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock worth $317,000 after buying an additional 18,355 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of MARA by 50.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 143,188 shares of the business services provider’s stock worth $2,323,000 after acquiring an additional 47,965 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of MARA by 4.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 168,151 shares of the business services provider’s stock worth $2,727,000 after acquiring an additional 7,363 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Compass Point lowered 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 research note on Thursday, November 21st. Finally, Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

Shares of NASDAQ MARA opened at $12.45 on Thursday. The company’s fifty day moving average price is $17.78 and its 200 day moving average price is $18.46. MARA Holdings, Inc. has a 1 year low of $12.05 and a 1 year high of $34.09. The company has a market capitalization of $4.23 billion, a PE ratio of 15.76 and a beta of 5.76. 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 (NASDAQ:MARA) last announced its quarterly 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%. On average, research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,015 shares of company stock valued at $2,237,086. Corporate insiders own 0.80% of the company’s stock.

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.