Natixis Advisors LLC Acquires New Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Natixis Advisors LLC purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,699 shares of the business services provider’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Advocates Investment Management grew its holdings in MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after purchasing an additional 700 shares during the period. Ranch Capital Advisors Inc. increased its holdings in MARA by 6.1% during the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after buying an additional 780 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after buying an additional 1,170 shares during the last quarter. Signaturefd LLC increased its holdings in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in MARA by 7.6% during the third quarter. Impact Partnership Wealth LLC now owns 19,766 shares of the business services provider’s stock worth $321,000 after buying an additional 1,394 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at $67,169,451.30. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,822 shares of company stock worth $2,702,877 over the last three months. 0.97% of the stock is owned by insiders.

MARA Price Performance

Shares of NASDAQ:MARA opened at $26.92 on Friday. The company has a 50 day moving average of $18.65 and a 200 day moving average of $18.88. The stock has a market cap of $8.66 billion, a P/E ratio of 34.08 and a beta of 5.52. MARA Holdings, Inc. has a 12 month low of $11.55 and a 12 month high of $34.09. 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 quarterly earnings data 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the prior year, the firm posted ($0.05) EPS. MARA’s revenue was up 34.4% on a year-over-year basis. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MARA has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Barclays initiated coverage on shares of MARA in a research note on Monday. They issued an “equal weight” rating and a $27.00 target price for the company. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus target price of $23.33.

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.