Oppenheimer & Co. Inc. Takes $1.64 Million Position in MARA Holdings, Inc. (NASDAQ:MARA)

Oppenheimer & Co. Inc. bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 97,565 shares of the business services provider’s stock, valued at approximately $1,636,000.

A number of other hedge funds have also recently bought and sold shares of MARA. Creative Planning boosted its position in MARA by 17.2% during the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock worth $549,000 after acquiring an additional 4,974 shares during the period. International Assets Investment Management LLC raised its stake in shares of MARA by 1,522.0% in the 3rd quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 18,355 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of MARA by 2.0% in the 3rd quarter. New York State Teachers Retirement System now owns 275,957 shares of the business services provider’s stock valued at $4,476,000 after acquiring an additional 5,479 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of MARA in the 3rd quarter valued at approximately $166,000. Finally, Financial Advocates Investment Management raised its stake in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Price Performance

Shares of NASDAQ:MARA opened at $13.79 on Tuesday. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $30.28. The firm has a market capitalization of $4.68 billion, a PE ratio of 17.46 and a beta of 5.76. The business’s 50 day moving average is $17.52 and its 200-day moving average is $18.46. 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 (NASDAQ:MARA) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Sell-side analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MARA shares. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.78.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at $97,010,115. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,215 shares of company stock valued at $2,033,766 in the last 90 days. 0.80% of the stock is 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.