Norges Bank Acquires New Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Norges Bank bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,767,591 shares of the business services provider’s stock, valued at approximately $46,413,000. Norges Bank owned 0.82% of MARA at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC raised its stake in MARA by 97.4% during the third quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock worth $435,000 after buying an additional 13,232 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MARA by 10.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,668 shares of the business services provider’s stock worth $870,000 after acquiring an additional 4,895 shares during the period. Captrust Financial Advisors bought a new position in shares of MARA in the 3rd quarter worth about $219,000. HighTower Advisors LLC lifted its stake in shares of MARA by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 134,713 shares of the business services provider’s stock valued at $2,176,000 after purchasing an additional 11,360 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of MARA during the 3rd quarter valued at about $1,557,000. Institutional investors own 44.53% of the company’s stock.

Analyst Ratings Changes

MARA has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 target price on the stock. B. Riley lifted their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays cut their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. One 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, the stock presently has a consensus rating of “Hold” and an average target price of $22.80.

MARA Trading Up 0.6 %

Shares of MARA stock opened at $11.30 on Friday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $17.89. MARA Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a market capitalization of $3.91 billion, a P/E ratio of 14.30 and a beta of 6.09.

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

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 on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

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.