Newbridge Financial Services Group Inc. Invests $300,000 in MARA Holdings, Inc. (NASDAQ:MARA)

Newbridge Financial Services Group Inc. bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,915 shares of the business services provider's stock, valued at approximately $300,000.

Several other hedge funds have also recently bought and sold shares of MARA. Private Advisor Group LLC boosted its position in MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider's stock worth $3,669,000 after acquiring an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 8.9% in the third 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 purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock worth $3,308,000 after buying an additional 107,963 shares during the period. Everence Capital Management Inc. acquired a new position in shares of MARA during the 3rd quarter valued at about $640,000. Finally, Weiss Asset Management LP purchased a new position in shares of MARA during the 3rd quarter worth about $1,557,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays assumed coverage on MARA in a report on Monday, November 25th. They set an "equal weight" rating and a $27.00 target price on the stock. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of "Hold" and a consensus price target of $25.67.

MARA Stock Down 2.8 %

NASDAQ MARA traded down $0.47 during trading hours on Tuesday, reaching $16.30. 13,816,924 shares of the company's stock were exchanged, compared to its average volume of 35,977,246. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.67 and a beta of 5.76. The company's 50-day moving average is $19.86 and its two-hundred day moving average is $18.71. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09. 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 (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm's revenue for the quarter was up 34.4% compared to the same quarter last year. On average, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm'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 transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares of the company's stock, valued at $82,280,781. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,915 shares of company stock worth $2,956,634. Corporate insiders own 0.80% 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.