Swiss National Bank Purchases 27,200 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Swiss National Bank increased its position in MARA Holdings, Inc. (NASDAQ:MARA) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 579,200 shares of the business services provider’s stock after purchasing an additional 27,200 shares during the quarter. Swiss National Bank’s holdings in MARA were worth $9,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in MARA by 96.0% in the fourth quarter. Farther Finance Advisors LLC now owns 9,001 shares of the business services provider’s stock worth $151,000 after purchasing an additional 4,408 shares during the period. EverSource Wealth Advisors LLC lifted its position in MARA by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 134,868 shares of the business services provider’s stock worth $2,262,000 after purchasing an additional 3,149 shares during the period. HighTower Advisors LLC lifted its position in MARA by 20.2% in the fourth quarter. HighTower Advisors LLC now owns 161,860 shares of the business services provider’s stock worth $2,714,000 after purchasing an additional 27,147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MARA by 7.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,465 shares of the business services provider’s stock worth $964,000 after purchasing an additional 3,797 shares during the period. Finally, SLT Holdings LLC bought a new position in MARA in the fourth quarter worth $843,000. 44.53% of the stock is owned by institutional investors.

MARA Stock Performance

Shares of NASDAQ:MARA opened at $12.38 on Friday. MARA Holdings, Inc. has a twelve month low of $12.03 and a twelve month high of $30.28. The firm has a market cap of $4.28 billion, a PE ratio of 15.67 and a beta of 5.95. 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 business has a fifty day moving average of $15.97 and a 200-day moving average of $18.06.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MARA has been the subject of a number of analyst reports. Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Rosenblatt Securities initiated coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays cut their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MARA has a consensus rating of “Hold” and a consensus price target of $22.80.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. The trade was a 0.67 % 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 worth $1,226,825 over the last three months. 0.80% of the stock is currently owned by company insiders.

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.