Impact Partnership Wealth LLC Purchases 3,736 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Impact Partnership Wealth LLC boosted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,502 shares of the business services provider’s stock after buying an additional 3,736 shares during the period. Impact Partnership Wealth LLC’s holdings in MARA were worth $394,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of MARA by 12.7% in the 2nd quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after acquiring an additional 149,805 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. Piper Sandler began coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. Finally, Macquarie raised their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Trading Up 0.2 %

NASDAQ MARA opened at $19.99 on Friday. The stock has a market cap of $6.78 billion, a PE ratio of 25.30 and a beta of 5.76. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09. The company’s 50-day moving average price is $21.33 and its 200-day moving average price is $19.10. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,915 shares of company stock worth $2,980,694 in the last ninety days. 0.97% of the stock is owned by company insiders.

MARA 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.