EverSource Wealth Advisors LLC Lowers Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

EverSource Wealth Advisors LLC lessened its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,719 shares of the business services provider’s stock after selling 45,788 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in MARA were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MARA. Beaird Harris Wealth Management LLC increased its holdings in MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares in the last quarter. Signaturefd LLC grew its stake 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 purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of MARA during the 3rd quarter valued at about $50,000. DekaBank Deutsche Girozentrale bought a new stake in shares of MARA during the 1st quarter valued at about $105,000. Finally, Tobam grew its stake in shares of MARA by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Stock Performance

NASDAQ:MARA opened at $22.63 on Thursday. The stock’s fifty day moving average is $17.66 and its 200 day moving average is $18.67. MARA Holdings, Inc. has a fifty-two week low of $9.88 and a fifty-two week high of $34.09. The firm has a market capitalization of $7.28 billion, a PE ratio of 28.65 and a beta of 5.52. 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 issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.57.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. This represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at $33,022,547.90. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,622 shares of company stock worth $2,399,805. Insiders own 0.97% of the company’s stock.

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.