153,799 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the fourth quarter, Holdings Channel reports. The fund bought 153,799 shares of the business services provider’s stock, valued at approximately $2,579,000.

Several other large investors have also recently made changes to their positions in MARA. Spire Wealth Management grew its stake 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 buying an additional 599 shares during the last quarter. United Services Automobile Association grew its stake in shares of MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after acquiring an additional 635 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of MARA by 79.3% during 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 acquiring an additional 860 shares in the last quarter. New York State Teachers Retirement System raised its position 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 worth $4,650,000 after purchasing an additional 1,299 shares during the last quarter. Finally, US Bancorp DE boosted its stake in MARA by 73.3% in the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,505 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Trading Down 0.4 %

Shares of NASDAQ:MARA opened at $11.26 on Tuesday. The stock’s 50-day simple moving average is $14.57 and its two-hundred day simple moving average is $17.90. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 14.25 and a beta of 6.10. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. 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 posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $187.11 million. Analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock valued at $1,226,825 in the last 90 days. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. B. Riley boosted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.