Rafferty Asset Management LLC Raises Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Rafferty Asset Management LLC lifted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 45.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,765 shares of the business services provider’s stock after buying an additional 8,019 shares during the quarter. Rafferty Asset Management LLC’s holdings in MARA were worth $432,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC purchased a new position in MARA during the 4th quarter worth $26,000. Sterling Capital Management LLC increased its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in 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 purchasing an additional 860 shares during the period. Spire Wealth Management boosted its position in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in MARA during the 4th quarter valued at $50,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MARA shares. Barclays increased their target price on MARA from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Rosenblatt Securities started coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 target price on the stock. Piper Sandler dropped their target price on MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Finally, Compass Point reissued a “sell” rating and issued a $9.50 price objective (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and an average price target of $20.72.

MARA Stock Performance

Shares of MARA stock opened at $15.65 on Friday. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28. The business’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $17.15. The firm has a market cap of $5.51 billion, a PE ratio of 19.81 and a beta of 6.82. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $213.88 million during the quarter, compared to analyst estimates of $234.19 million. During the same period last year, the company earned $1.26 EPS. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. Equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.68, for a total value of $431,278.40. Following the transaction, the chief executive officer now owns 4,011,098 shares in the company, valued at approximately $62,894,016.64. This represents a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, 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. Insiders have sold 152,315 shares of company stock valued at $2,322,961 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

MARA Company 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.