GAMMA Investing LLC Raises Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

GAMMA Investing LLC increased its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 102.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,844 shares of the business services provider’s stock after buying an additional 6,485 shares during the period. GAMMA Investing LLC’s holdings in MARA were worth $215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in MARA during the 3rd quarter valued at about $26,000. Larson Financial Group LLC boosted its stake 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 valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC increased its holdings in 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 buying an additional 1,273 shares during the period. Capital Performance Advisors LLP bought a new position in MARA in the third quarter worth approximately $50,000. Finally, Tobam boosted its position in MARA by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 4,880 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays started coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Cantor Fitzgerald started coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Piper Sandler initiated coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.80.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were 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 directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is owned by insiders.

MARA Price Performance

NASDAQ MARA opened at $19.07 on Wednesday. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 24.14 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock’s fifty day moving average price is $21.53 and its 200 day moving average price is $19.22. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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). The firm had revenue of $131.60 million during the quarter, compared to analyst estimates 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 for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. As a group, equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

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.