MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 116.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,281 shares of the business services provider’s stock after purchasing an additional 3,915 shares during the period. Geneos Wealth Management Inc.’s holdings in MARA were worth $122,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management grew its stake in shares of 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 acquiring an additional 700 shares in the last quarter. Larson Financial Group LLC boosted its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Crossmark Global Holdings Inc. increased its holdings in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares during the period. Signaturefd LLC raised its position in 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 purchasing an additional 1,273 shares in the last quarter. Finally, Impact Partnership Wealth LLC boosted its stake in shares of MARA by 7.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 19,766 shares of the business services provider’s stock valued at $321,000 after buying an additional 1,394 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Trading Up 4.1 %

NASDAQ:MARA opened at $19.18 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The stock’s 50 day moving average price is $21.12 and its 200 day moving average price is $19.08. The company has a market capitalization of $6.51 billion, a PE ratio of 24.28 and a beta of 5.76.

MARA (NASDAQ:MARA) last released 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MARA. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Macquarie raised their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Piper Sandler began coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. Compass Point cut MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.67.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,915 shares of company stock valued at $2,980,694. 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.