Fortitude Advisory Group L.L.C. acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,448 shares of the business services provider’s stock, valued at approximately $226,000.
Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth $26,000. Larson Financial Group LLC raised its position in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of MARA in the third quarter worth about $50,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on MARA shares. Macquarie boosted 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. B. Riley raised their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.67.
Insider Buying and Selling
In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,915 shares of company stock worth $2,980,694. Company insiders own 0.97% of the company’s stock.
MARA Price Performance
NASDAQ:MARA opened at $18.28 on Tuesday. The stock has a 50 day moving average price of $21.34 and a 200 day moving average price of $19.10. The stock has a market cap of $6.20 billion, a PE ratio of 23.14 and a beta of 5.76. 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 one year low of $13.16 and a one year high of $34.09.
MARA (NASDAQ:MARA – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share 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 for the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s revenue was up 34.4% compared to the same quarter last year. Equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.
MARA Company 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.
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