Diversified Trust Co Sells 2,275 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Diversified Trust Co lowered its position in MARA Holdings, Inc. (NASDAQ:MARA) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 20,593 shares of the business services provider’s stock after selling 2,275 shares during the quarter. Diversified Trust Co’s holdings in MARA were worth $345,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in shares of MARA by 15.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider’s stock valued at $1,621,000 after purchasing an additional 10,674 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in MARA by 67.5% during the second quarter. Victory Capital Management Inc. now owns 57,695 shares of the business services provider’s stock worth $1,145,000 after buying an additional 23,242 shares during the period. Texas Permanent School Fund Corp bought a new stake in MARA during the 2nd quarter valued at $3,307,000. Thoroughbred Financial Services LLC purchased a new position in shares of MARA in the 2nd quarter valued at $310,000. Finally, Dimensional Fund Advisors LP raised its position in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Stock Performance

Shares of MARA stock opened at $17.86 on Friday. The business has a fifty day moving average of $21.60 and a 200 day moving average of $19.20. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 22.61 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 last year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, research analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,615 shares of company stock worth $3,258,686. Company insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MARA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Macquarie boosted their price objective 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. B. Riley raised their target price 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. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.80.

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.