Exchange Traded Concepts LLC Buys 135,133 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Exchange Traded Concepts LLC grew its stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 899,004 shares of the business services provider's stock after purchasing an additional 135,133 shares during the quarter. Exchange Traded Concepts LLC owned about 0.28% of MARA worth $15,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Impact Partnership Wealth LLC lifted its stake in shares of MARA by 18.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 23,502 shares of the business services provider's stock valued at $394,000 after purchasing an additional 3,736 shares during the period. Janney Montgomery Scott LLC lifted its position in MARA by 21.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider's stock valued at $261,000 after buying an additional 2,712 shares during the period. Lake Hills Wealth Management LLC boosted its holdings in shares of MARA by 27.1% during the 4th quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider's stock valued at $218,000 after buying an additional 2,766 shares in the last quarter. Sara Bay Financial grew its position in shares of MARA by 5.3% in the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider's stock worth $2,121,000 after buying an additional 6,141 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in shares of MARA in the 4th quarter worth about $231,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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MARA Stock Performance

Shares of MARA traded up $0.04 during trading hours on Friday, hitting $19.99. The stock had a trading volume of 46,288,002 shares, compared to its average volume of 42,091,945. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09. The stock has a fifty day moving average price of $21.37 and a 200 day moving average price of $19.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. 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 - Get Free Report) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (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 business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the firm posted ($0.05) earnings per share. The business's quarterly revenue was up 34.4% compared to the same quarter last year. Analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at $82,280,781. This represents a 0.66 % 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 on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,915 shares of company stock worth $2,980,694 in the last three months. Corporate insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MARA shares. Cantor Fitzgerald assumed coverage on shares of 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. upgraded MARA from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 target price on the stock. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Finally, B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. 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 company. According to MarketBeat, MARA currently has a consensus rating of "Hold" and an average price target of $25.67.

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.