WINTON GROUP Ltd purchased a new position in shares of MARA Holdings (NASDAQ:MARA – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 255,240 shares of the business services provider’s stock, valued at approximately $3,545,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in MARA during the 1st quarter worth about $28,000. Bogart Wealth LLC lifted its holdings in shares of MARA by 4,345.1% during the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock worth $33,000 after buying an additional 3,954 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of MARA by 1,154.9% during the 2nd quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock worth $34,000 after acquiring an additional 2,229 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of MARA during the 4th quarter worth $36,000. Finally, Hantz Financial Services Inc. lifted its stake in MARA by 344.8% in the 4th quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 3,893 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.
Insider Buying and Selling at MARA
In other MARA news, Director Douglas Mellinger sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $16.00, for a total transaction of $112,000.00. Following the completion of the transaction, the director owned 231,618 shares of the company’s stock, valued at approximately $3,705,888. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the transaction, the chief financial officer owned 377,066 shares of the company’s stock, valued at $3,472,777.86. The trade was a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 109,386 shares of company stock valued at $1,332,889 in the last quarter. 0.97% of the stock is owned by insiders.
MARA Stock Performance
MARA (NASDAQ:MARA – Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing the consensus estimate of $0.17 by ($1.77). The firm had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The firm’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 earnings per share. On average, equities analysts forecast that MARA Holdings will post -1.24 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on MARA shares. Piper Sandler cut their price target on shares of MARA from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of MARA in a report on Friday, August 7th. Morgan Stanley increased their price target on MARA from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded MARA from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Finally, Citizens Jmp began coverage on MARA in a report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.78.
Read Our Latest Stock Report on MARA
More MARA News
Here are the key news stories impacting MARA this week:
- Positive Sentiment: Analyst opinions remain mixed but provide some potential upside: recent price targets have a median of $15, above the current trading level, although targets range widely from $5.50 to $27.00. Institutional activity was also balanced, with several large funds adding shares during the second quarter. MARA Holdings short interest and institutional activity
- Neutral Sentiment: MARA attracted increased investor attention on Zacks, but the report did not identify a new company-specific catalyst. The attention likely reflects the stock’s sensitivity to Bitcoin prices and its high trading volatility. MARA attracts investor attention
- Negative Sentiment: Crypto-mining shares sold off more aggressively than Bitcoin in a risk-off market. MARA’s high beta makes it particularly vulnerable when investors reduce exposure to speculative assets. Crypto mining stocks fall on risk-off trading
- Negative Sentiment: Investor confidence remains constrained by MARA’s weak operating results: its latest quarter showed a substantial EPS miss, revenue below expectations and a year-over-year revenue decline. Recent insider activity also showed selling without reported purchases. A prior report indicated short interest equal to 33.16% of the float, though a separate update showing zero shares appears inconsistent and should be treated cautiously. Why MARA stock is falling
MARA Profile
MARA Holdings, Inc is an energy and digital infrastructure company whose core business is Bitcoin mining. Headquartered in Hallandale Beach, Florida, the company operates large-scale computing infrastructure designed to convert energy into high-value compute workloads.
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