AlphaQuest LLC Purchases 12,873 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

AlphaQuest LLC grew its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 1,962.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,529 shares of the business services provider’s stock after purchasing an additional 12,873 shares during the quarter. AlphaQuest LLC’s holdings in MARA were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MARA. Truvestments Capital LLC acquired a new position in MARA in the third quarter valued at approximately $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA during the 4th quarter valued at $26,000. Larson Financial Group LLC boosted its stake in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in MARA by 79.3% in the fourth 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. Finally, Spire Wealth Management raised its holdings in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares during the period. Institutional investors own 44.53% of the company’s stock.

MARA Stock Up 8.4 %

MARA opened at $13.18 on Friday. The company’s 50-day moving average price is $16.60 and its two-hundred day moving average price is $18.23. 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 Holdings, Inc. has a twelve month low of $12.05 and a twelve month high of $30.28. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 16.68 and a beta of 5.95.

MARA (NASDAQ:MARA) last released its earnings results 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 negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,915 shares of company stock valued at $2,265,643 over the last quarter. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of a number of research analyst reports. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Piper Sandler decreased 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 target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. Rosenblatt Securities initiated coverage on shares of MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.80.

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.