Maridea Wealth Management LLC Makes New $925,000 Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Maridea Wealth Management LLC acquired a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,187 shares of the business services provider's stock, valued at approximately $925,000.

Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in MARA during the third quarter worth $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA in the 4th quarter valued at about $26,000. Larson Financial Group LLC raised its holdings in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in MARA by 79.3% in 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 purchasing an additional 860 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after purchasing an additional 599 shares during the period. Institutional investors own 44.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MARA shares. JPMorgan Chase & Co. cut their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays cut their price target on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Piper Sandler decreased their price objective on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. B. Riley increased their price objective 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average target price of $22.80.

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Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock valued at $1,226,825 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

MARA Price Performance

Shares of MARA stock traded up $0.36 on Tuesday, reaching $11.86. The company had a trading volume of 16,151,867 shares, compared to its average volume of 45,329,636. The stock has a market capitalization of $4.10 billion, a PE ratio of 14.95 and a beta of 5.95. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business's 50-day moving average is $15.35 and its 200 day moving average is $18.04. MARA Holdings, Inc. has a one year low of $11.06 and a one year high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities research analysts forecast 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.