Compass Financial Management LLC Acquires Shares of 431,971 MARA Holdings $MARA

Key Points

• Compass Financial Management acquired 431,971 MARA Holdings shares worth approximately $6 million, representing 0.11% of the company. Institutional investors collectively own 44.53% of MARA.
• MARA reported a weak quarter, with an adjusted loss of $1.60 per share versus expectations for $0.17 in earnings, revenue of $174.88 million below the $209.44 million estimate, and a 26.7% year-over-year revenue decline.
• Analysts maintain a Moderate Buy consensus with an average price target of $18.78, compared with a recent share price of $11.31; however, insiders have sold 109,386 shares worth about $1.33 million over the past 90 days.

Compass Financial Management LLC bought a new position in MARA Holdings (NASDAQ:MARA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 431,971 shares of the business services provider's stock, valued at approximately $6,000,000. Compass Financial Management LLC owned 0.11% of MARA as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MARA. Danske Bank A S bought a new stake in MARA during the 3rd quarter valued at about $55,000. Ascentis Independent Advisors bought a new position in MARA in the 1st quarter worth about $28,000. CoreCap Advisors LLC grew its stake in MARA by 128.0% in the 2nd quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider's stock worth $51,000 after acquiring an additional 2,050 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of MARA during the fourth quarter worth approximately $36,000. Finally, Bogart Wealth LLC increased its position in shares of MARA by 4,345.1% during the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider's stock worth $33,000 after acquiring an additional 3,954 shares during the period. 44.53% of the stock is currently owned by institutional investors.

MARA Price Performance

MARA opened at $11.31 on Friday. The business's 50-day moving average is $11.40 and its two-hundred day moving average is $11.21. MARA Holdings has a 1 year low of $6.66 and a 1 year high of $23.45. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $4.37 billion, a PE ratio of -1.23 and a beta of 5.32.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($1.77). MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The firm had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The business's revenue for the quarter was down 26.7% compared to the same quarter last year. Research analysts anticipate that MARA Holdings will post -1.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MARA. Morgan Stanley boosted their price target on MARA from $5.50 to $6.00 and gave the company an "underweight" rating in a report on Thursday, August 13th. Weiss Ratings upgraded MARA from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday, August 21st. BTIG Research reaffirmed a "buy" rating and set a $27.00 target price on shares of MARA in a research report on Monday, June 1st. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 target price on shares of MARA in a report on Friday, August 7th. Finally, Cantor Fitzgerald dropped their price target on MARA from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.78.

Insider Activity

In other MARA news, Director Douglas K. Mellinger sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $16.00, for a total value of $112,000.00. Following the completion of the sale, the director directly owned 231,618 shares in the company, valued at $3,705,888. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of MARA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $9.21, for a total transaction of $147,360.00. Following the completion of the transaction, the chief financial officer directly owned 377,066 shares in the company, valued at $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 109,386 shares of company stock worth $1,332,889. Insiders own 0.97% of the company's stock.

More MARA News

Here are the key news stories impacting MARA this week:

• Neutral Sentiment: Multiple reports covered Kate Mara and Rooney Mara’s red-carpet appearance and premiere of Bucking Fastard, their first film together. The entertainment coverage has no apparent connection to MARA Holdings’ operations, financial results, or outlook. Mara sisters, Orlando Bloom attend Bucking Fastard gala in Venice
• Neutral Sentiment: Additional festival reports discussed the sisters’ performances, styling, and interviews surrounding the Venice contender. These stories are unrelated to the Nasdaq-listed bitcoin miner despite the shared “Mara” name. Mara sisters premiere Ireland-filmed drama at Venice
• Neutral Sentiment: A report that “Mara” raised $7 million from Khosla Ventures refers to funding for an autonomous counter-drone system, not MARA Holdings. It therefore should not be interpreted as new capital for, or a catalyst for, MARA stock. Mara Raises $7 Million Led By Khosla Ventures To Scale Autonomous Counter-Drone System

MARA Company Profile

MARA Holdings, Inc is an energy and digital infrastructure company whose core business is Bitcoin mining. Headquartered in Hallandale Beach, Florida, the company operates large-scale computing infrastructure designed to convert energy into high-value compute workloads.

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