Wealthstar Advisors LLC Invests $187,000 in MARA Holdings, Inc. (NASDAQ:MARA)

Wealthstar Advisors LLC acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,152 shares of the business services provider’s stock, valued at approximately $187,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after acquiring an additional 378,542 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of MARA by 17.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider’s stock valued at $15,076,000 after purchasing an additional 135,133 shares during the period. Van ECK Associates Corp raised its stake in shares of MARA by 12.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,106,037 shares of the business services provider’s stock worth $17,940,000 after buying an additional 125,717 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after buying an additional 107,963 shares during the period. Institutional investors own 44.53% of the company’s stock.

MARA Stock Performance

Shares of MARA stock opened at $16.77 on Monday. The stock has a market cap of $5.69 billion, a PE ratio of 21.23 and a beta of 5.76. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $20.04 and a 200-day simple moving average of $18.74.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Finally, Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.67.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,915 shares of company stock worth $2,980,694 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

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.