Crossmark Global Holdings Inc. Has $306,000 Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Crossmark Global Holdings Inc. boosted its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,879 shares of the business services provider’s stock after purchasing an additional 1,170 shares during the period. Crossmark Global Holdings Inc.’s holdings in MARA were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MARA. Beaird Harris Wealth Management LLC raised its stake in MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares during the period. Signaturefd LLC lifted its stake in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter worth $50,000. DekaBank Deutsche Girozentrale purchased a new position in shares of MARA in the first quarter worth about $105,000. Finally, Tobam grew its stake in MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,417 shares of company stock valued at $1,524,546 over the last quarter. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on MARA shares. Macquarie assumed coverage on shares of MARA in a report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.57.

MARA Stock Performance

Shares of MARA stock opened at $21.07 on Monday. The company has a current ratio of 4.00, a quick ratio of 3.75 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 12 month low of $9.21 and a 12 month high of $34.09. The stock’s fifty day moving average price is $17.38 and its 200-day moving average price is $18.61. The firm has a market cap of $6.78 billion, a P/E ratio of 26.67 and a beta of 5.52.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. On average, equities research analysts expect that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

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.