Financial Advocates Investment Management Has $223,000 Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Financial Advocates Investment Management decreased its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MARA. Creative Planning grew its holdings in MARA by 26.4% in the second quarter. Creative Planning now owns 28,890 shares of the business services provider’s stock worth $573,000 after purchasing an additional 6,035 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of MARA by 9.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 763,871 shares of the business services provider’s stock worth $12,390,000 after purchasing an additional 63,217 shares in the last quarter. Lake Hills Wealth Management LLC acquired a new stake in shares of MARA in the 3rd quarter valued at about $166,000. VitalStone Financial LLC increased its position in MARA by 27.0% in the 3rd quarter. VitalStone Financial LLC now owns 64,276 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 13,670 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in MARA by 49.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 43,203 shares of the business services provider’s stock worth $701,000 after buying an additional 14,267 shares during the period. Institutional investors own 44.53% of the company’s stock.

MARA Trading Down 0.2 %

Shares of MARA stock opened at $16.77 on Monday. 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 company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 21.23 and a beta of 5.76. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The company has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $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). 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 for the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The business’s revenue was up 34.4% compared to the same quarter last year. Research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,915 shares of company stock valued at $2,980,694 in the last ninety days. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MARA shares. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and an average price target of $25.67.

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.