MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Avaii Wealth Management LLC

Avaii Wealth Management LLC raised its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,941 shares of the business services provider’s stock after buying an additional 1,529 shares during the quarter. Avaii Wealth Management LLC’s holdings in MARA were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares during the period. Principal Financial Group Inc. increased its holdings in shares of MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of MARA by 12.7% during the 2nd quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after buying an additional 149,805 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MARA shares. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Piper Sandler began coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Up 0.2 %

Shares of NASDAQ:MARA opened at $19.99 on Friday. The firm’s 50-day moving average is $21.33 and its two-hundred day moving average is $19.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The firm has a market capitalization of $6.78 billion, a PE ratio of 25.30 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the company earned ($0.05) earnings per share. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. Analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In related news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,915 shares of company stock worth $2,980,694. Corporate insiders own 0.97% of the company’s stock.

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.