MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by Avaii Wealth Management LLC

Avaii Wealth Management LLC lifted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 75.2% during the first quarter, Holdings Channel.com reports. The fund owned 29,678 shares of the business services provider’s stock after purchasing an additional 12,737 shares during the period. Avaii Wealth Management LLC’s holdings in MARA were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MARA. Norges Bank acquired a new position in shares of MARA during the fourth quarter valued at approximately $46,413,000. Vanguard Group Inc. boosted its holdings in MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after buying an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MARA by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock worth $31,817,000 after buying an additional 1,248,292 shares in the last quarter. American Century Companies Inc. boosted its holdings in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after buying an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in MARA during the fourth quarter worth approximately $13,416,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 55,010 shares of MARA stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $825,150.00. Following the completion of the sale, the chief executive officer now owns 4,146,804 shares of the company’s stock, valued at approximately $62,202,060. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas K. Mellinger sold 3,000 shares of MARA stock in a transaction on Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the sale, the director now directly owns 176,859 shares of the company’s stock, valued at approximately $2,829,744. The trade was a 1.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,348 shares of company stock worth $2,633,802. Corporate insiders own 0.80% of the company’s stock.

MARA Trading Down 4.9%

MARA stock opened at $15.04 on Friday. The company has a 50 day moving average price of $14.42 and a 200 day moving average price of $16.43. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61.

MARA (NASDAQ:MARA) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. During the same period last year, the business earned $1.26 EPS. The company’s quarterly revenue was up 29.5% on a year-over-year basis. Research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on MARA shares. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a report on Thursday, April 24th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities raised their target price on shares of MARA from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Compass Point restated a “sell” rating and set a $9.50 target price (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. Finally, Barclays raised their target price on shares of MARA from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.94.

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.