New Age Alpha Advisors LLC Takes $265,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

New Age Alpha Advisors LLC bought a new position in MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,821 shares of the business services provider’s stock, valued at approximately $265,000.

A number of other hedge funds also recently made changes to their positions in MARA. Weiss Asset Management LP bought a new position in MARA during the third quarter valued at $1,557,000. Capital Advisors Inc. OK purchased a new stake in shares of MARA during the 4th quarter valued at about $699,000. Arkadios Wealth Advisors bought a new position in shares of MARA in the 4th quarter valued at about $231,000. Foundations Investment Advisors LLC grew its position in MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock worth $1,877,000 after acquiring an additional 42,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after acquiring an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on MARA. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Barclays lowered their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Piper Sandler cut their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average price target of $22.80.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction 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. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock valued at $1,226,825 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

MARA Stock Performance

Shares of MARA stock opened at $11.84 on Wednesday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $15.20 and its 200-day moving average price is $18.01. The firm has a market cap of $4.09 billion, a P/E ratio of 14.99 and a beta of 5.95. MARA Holdings, Inc. has a 12 month low of $11.05 and a 12 month high of $30.28.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.