Strategic Advocates LLC Purchases 3,758 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Strategic Advocates LLC lifted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 34.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,699 shares of the business services provider’s stock after acquiring an additional 3,758 shares during the period. Strategic Advocates LLC’s holdings in MARA were worth $247,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MARA. Private Advisor Group LLC lifted 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 valued at $3,669,000 after buying an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of MARA by 8.9% during 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 in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of 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 valued at $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of MARA in the 3rd quarter worth approximately $640,000. Finally, Weiss Asset Management LP bought a new position in MARA during the 3rd quarter valued at approximately $1,557,000. 44.53% of the stock is currently owned by institutional investors.

MARA Stock Up 4.1 %

MARA stock opened at $19.18 on Friday. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The stock has a market cap of $6.51 billion, a P/E ratio of 24.28 and a beta of 5.76. The business’s 50-day moving average price is $21.12 and its 200-day moving average price is $19.08. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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 firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Wall Street Analyst Weigh In

MARA has been the subject of a number of recent analyst reports. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Piper Sandler began coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $25.67.

Insider Buying and Selling at MARA

In related news, 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 completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock valued at $2,980,694 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

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.