PFG Investments LLC Takes $185,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

PFG Investments LLC purchased a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,054 shares of the business services provider’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in MARA during the 3rd quarter worth about $26,000. Larson Financial Group LLC raised its position in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares during the period. Signaturefd LLC boosted its holdings in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in MARA during the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of analyst reports. Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.67.

MARA Stock Down 4.4 %

MARA stock opened at $18.34 on Friday. The stock’s 50 day simple moving average is $20.97 and its 200 day simple moving average is $18.98. The company has a market cap of $6.22 billion, a P/E ratio of 23.22 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 fifty-two week low of $13.16 and a fifty-two week high of $34.09.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the company earned ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other news, Director Jay P. Leupp sold 11,200 shares of the 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 completion of the sale, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at approximately $82,280,781. 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 136,915 shares of company stock valued at $2,980,694. Corporate insiders own 0.80% of the company’s stock.

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.