Fiduciary Alliance LLC Purchases 33,663 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Fiduciary Alliance LLC increased its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 142.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,309 shares of the business services provider's stock after purchasing an additional 33,663 shares during the quarter. Fiduciary Alliance LLC's holdings in MARA were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Beacon Capital Management LLC purchased a new position in shares of MARA during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new position in MARA during the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC raised its stake in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after buying an additional 1,426 shares during the last quarter. Spire Wealth Management increased its holdings in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in MARA in the 4th quarter worth about $50,000. 44.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MARA. Barclays upped their target price on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Rosenblatt Securities boosted their price target on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Compass Point reaffirmed a "sell" rating and set a $9.50 price target (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.83.

MARA Stock Performance

MARA traded up $0.34 during midday trading on Wednesday, reaching $15.67. The company had a trading volume of 50,773,906 shares, compared to its average volume of 45,184,754. MARA Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. 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 company has a market cap of $5.51 billion, a P/E ratio of 19.84 and a beta of 6.82. The business has a 50-day moving average of $13.74 and a two-hundred day moving average of $16.79.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. During the same period in the prior year, the company posted $1.26 earnings per share. The company's revenue was up 29.5% compared to the same quarter last year. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other MARA news, Director Douglas K. Mellinger sold 3,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the sale, the director now directly owns 176,859 shares of the company's stock, valued at $2,829,744. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 33,400 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,680,971 shares of the company's stock, valued at approximately $25,214,565. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,615 shares of company stock valued at $2,067,284 over the last three months. 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.