Thoroughbred Financial Services LLC Purchases 7,800 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Thoroughbred Financial Services LLC increased its position in MARA Holdings, Inc. (NASDAQ:MARA) by 25.3% in the 4th quarter, Holdings Channel reports. The firm owned 38,675 shares of the business services provider’s stock after buying an additional 7,800 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in MARA were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of MARA. Vanguard Group Inc. grew its position in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after acquiring an additional 2,706,271 shares during the period. Geode Capital Management LLC increased its holdings in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after purchasing an additional 518,503 shares in the last quarter. American Century Companies Inc. lifted its holdings in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after buying an additional 1,240,354 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares during the last quarter. Finally, Norges Bank acquired a new stake in MARA in the fourth quarter worth about $46,413,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MARA. Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Piper Sandler decreased their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.80.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

MARA Stock Up 0.6 %

MARA stock opened at $11.30 on Friday. The business has a 50-day moving average of $14.71 and a 200-day moving average of $17.91. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The stock has a market capitalization of $3.91 billion, a P/E ratio of 14.30 and a beta of 6.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

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

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.