Exchange Traded Concepts LLC Purchases 135,133 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Exchange Traded Concepts LLC raised its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 899,004 shares of the business services provider’s stock after purchasing an additional 135,133 shares during the period. Exchange Traded Concepts LLC owned about 0.28% of MARA worth $15,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC bought a new position in MARA during the 3rd quarter worth about $26,000. Larson Financial Group LLC lifted its position in shares of MARA by 124.2% in 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 during the period. Signaturefd LLC boosted its stake in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in MARA during the third quarter valued at approximately $50,000. Finally, Tobam raised its stake in MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after buying an additional 4,880 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the 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 owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,915 shares of company stock valued at $2,980,694 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on MARA shares. Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Price Performance

NASDAQ:MARA opened at $20.11 on Friday. The firm’s fifty day moving average is $21.37 and its two-hundred day moving average is $19.09. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 25.35 and a beta of 5.76. 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 Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09.

MARA (NASDAQ:MARA) last issued its 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 company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. Research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current 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.