Financial Advocates Investment Management Sells 900 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Financial Advocates Investment Management reduced its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,301 shares of the business services provider’s stock after selling 900 shares during the quarter. Financial Advocates Investment Management’s holdings in MARA were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of MARA in the third quarter worth $26,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the period. Signaturefd LLC boosted its stake in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Finally, Spire Wealth Management grew its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of analyst reports. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays started coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

Shares of MARA stock opened at $16.77 on Monday. The firm has a market capitalization of $5.69 billion, a PE ratio of 21.23 and a beta of 5.76. The company has a current ratio of 4.00, a quick 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 business’s 50-day moving average price is $20.04 and its 200-day moving average price is $18.74.

MARA (NASDAQ:MARA) last issued its quarterly earnings results 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). The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction on 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 of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, 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. Insiders have sold a total of 136,915 shares of company stock worth $2,980,694 in the last 90 days. 0.80% of the stock is owned by company insiders.

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.