Stonehage Fleming Financial Services Holdings Ltd Acquires 860 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 79.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,945 shares of the business services provider’s stock after acquiring an additional 860 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in MARA were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in MARA during the third quarter valued at $26,000. Larson Financial Group LLC raised its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC lifted its position in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter valued at approximately $50,000. Finally, Geneos Wealth Management Inc. increased its holdings in MARA by 116.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 7,281 shares of the business services provider’s stock worth $122,000 after acquiring an additional 3,915 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred 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 owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on MARA. Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Barclays initiated coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, MARA currently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Up 0.2 %

MARA stock opened at $19.99 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $6.78 billion, a PE ratio of 25.30 and a beta of 5.76. The stock has a 50-day moving average of $21.33 and a two-hundred day moving average of $19.11. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the firm earned ($0.05) earnings per share. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

About MARA

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.