Swiss National Bank Acquires 25,600 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Swiss National Bank boosted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 4.9% in the third quarter, Holdings Channel reports. The firm owned 552,000 shares of the business services provider’s stock after purchasing an additional 25,600 shares during the quarter. Swiss National Bank’s holdings in MARA were worth $8,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new position in MARA in the third quarter valued at approximately $50,000. DekaBank Deutsche Girozentrale acquired a new position in shares of MARA during the 1st quarter worth approximately $105,000. GAMMA Investing LLC raised its stake in shares of MARA by 108.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock worth $136,000 after purchasing an additional 3,565 shares in the last quarter. Finally, Tobam boosted its holdings in shares of MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MARA. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.88.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,622 shares of company stock valued at $2,399,805 in the last quarter. Company insiders own 0.97% of the company’s stock.

MARA Price Performance

Shares of NASDAQ MARA opened at $26.03 on Monday. The firm has a market cap of $8.38 billion, a P/E ratio of 32.95 and a beta of 5.52. The business’s 50 day moving average is $18.03 and its 200-day moving average is $18.72. 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 Holdings, Inc. has a 1-year low of $10.76 and a 1-year high of $34.09.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the business posted ($0.05) EPS. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. Equities research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

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.