Spire Wealth Management Raises Position in MARA Holdings, Inc. (NASDAQ:MARA)

Spire Wealth Management increased its position in MARA Holdings, Inc. (NASDAQ:MARA) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,843 shares of the business services provider’s stock after acquiring an additional 599 shares during the period. Spire Wealth Management’s holdings in MARA were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the period. Van ECK Associates Corp raised its position in shares of MARA by 12.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,106,037 shares of the business services provider’s stock valued at $17,940,000 after buying an additional 125,717 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in MARA by 17.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider’s stock valued at $15,076,000 after purchasing an additional 135,133 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MARA. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

MARA stock opened at $16.77 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The firm has a market cap of $5.69 billion, a P/E ratio of 21.23 and a beta of 5.76. The stock has a 50-day simple moving average of $20.04 and a 200-day simple moving average of $18.74.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the business posted ($0.05) EPS. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. On average, equities analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,915 shares of company stock worth $2,980,694. 0.80% of the stock is currently owned by corporate insiders.

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.