Larson Financial Group LLC Has $31,000 Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

Larson Financial Group LLC raised its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 124.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,917 shares of the business services provider’s stock after purchasing an additional 1,062 shares during the quarter. Larson Financial Group LLC’s holdings in MARA were worth $31,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in MARA by 97.4% during the 3rd quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock worth $435,000 after acquiring an additional 13,232 shares during the period. Charles Schwab Investment Management Inc. grew its stake in MARA by 8.9% during the third 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 during the period. Intech Investment Management LLC bought a new stake in MARA in the third quarter worth approximately $1,107,000. Meeder Asset Management Inc. lifted its stake in MARA by 55.0% in the third quarter. Meeder Asset Management Inc. now owns 17,383 shares of the business services provider’s stock valued at $282,000 after buying an additional 6,168 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of MARA by 4.9% during the 3rd quarter. Swiss National Bank now owns 552,000 shares of the business services provider’s stock worth $8,953,000 after buying an additional 25,600 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

MARA Trading Up 1.9 %

Shares of MARA stock opened at $27.42 on Friday. 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 stock has a fifty day simple moving average of $19.12 and a 200 day simple moving average of $19.01. MARA Holdings, Inc. has a 12-month low of $11.91 and a 12-month high of $34.09. The company has a market capitalization of $8.82 billion, a P/E ratio of 34.71 and a beta of 5.52.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Barclays began coverage on shares of MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.33.

Insiders Place Their Bets

In related news, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % 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, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,822 shares of company stock valued at $2,702,877 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

About MARA

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.