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

Oppenheimer & Co. Inc. bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 97,565 shares of the business services provider’s stock, valued at approximately $1,636,000.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of MARA during the third quarter worth $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA during the fourth quarter worth $26,000. Larson Financial Group LLC grew its holdings in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

MARA Trading Down 0.9 %

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 business’s 50-day moving average price is $17.52 and its two-hundred day moving average price 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. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 17.46 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm 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%. On average, equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on MARA. Piper Sandler decreased their price target on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday. Macquarie raised their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, 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 report on Thursday, November 21st. One equities 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.78.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following 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 over the last 90 days. 0.80% of the stock is owned by company 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.