Gladstone Institutional Advisory LLC Increases Position in MARA Holdings, Inc. (NASDAQ:MARA)

Gladstone Institutional Advisory LLC lifted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,340 shares of the business services provider’s stock after purchasing an additional 6,059 shares during the period. Gladstone Institutional Advisory LLC’s holdings in MARA were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Private Advisor Group LLC increased its stake in MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after buying an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in MARA by 112.4% during 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 buying an additional 107,963 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in MARA during the 3rd quarter worth approximately $640,000. Finally, Weiss Asset Management LP purchased a new stake in MARA during the 3rd quarter worth approximately $1,557,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of several research reports. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Piper Sandler assumed coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, 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. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Trading Up 4.1 %

MARA opened at $16.91 on Friday. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09. The stock has a market capitalization of $5.74 billion, a PE ratio of 21.41 and a beta of 5.76. The business’s 50 day moving average price is $19.49 and its 200 day moving average price is $18.65. 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) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now owns 142,556 shares of the company’s stock, valued at $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,915 shares of company stock worth $2,956,634. 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.