Newbridge Financial Services Group Inc. Acquires Shares of 17,915 MARA Holdings, Inc. (NASDAQ:MARA)

Newbridge Financial Services Group Inc. bought a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,915 shares of the business services provider’s stock, valued at approximately $300,000.

Several other hedge funds also recently modified their holdings of the business. Private Advisor Group LLC lifted its holdings in MARA by 27.7% in 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. lifted 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 purchasing an additional 217,106 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of MARA during the third quarter worth $640,000. Finally, Weiss Asset Management LP bought a new stake in MARA in the third quarter valued at about $1,557,000. Institutional investors own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MARA shares. Compass Point cut MARA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler started coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Price Performance

NASDAQ MARA opened at $16.77 on Monday. The firm’s 50 day moving average is $20.04 and its 200-day moving average is $18.74. 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 Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09. The company has a market capitalization of $5.69 billion, a PE ratio of 21.23 and a beta of 5.76.

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 company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,915 shares of company stock worth $2,980,694. Company insiders own 0.80% of the company’s stock.

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.