GAMMA Investing LLC Buys 90,932 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

GAMMA Investing LLC grew its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 708.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,776 shares of the business services provider's stock after purchasing an additional 90,932 shares during the period. GAMMA Investing LLC's holdings in MARA were worth $1,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC bought a new stake in MARA during the fourth quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in shares of MARA in the fourth quarter valued at about $27,000. Sterling Capital Management LLC increased its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,426 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of MARA during the fourth quarter valued at approximately $50,000. Finally, Blue Trust Inc. lifted its position in shares of MARA by 415.6% in the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock worth $56,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 44.53% of the company's stock.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of research analyst reports. Compass Point reiterated a "sell" rating and set a $9.50 target price (down previously from $25.00) on shares of MARA in a report on Tuesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on MARA from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday. Rosenblatt Securities raised their price objective on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Barclays boosted their target price on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.94.

MARA Stock Up 1.9%

Shares of MARA traded up $0.28 on Monday, hitting $15.32. 38,675,519 shares of the stock traded hands, compared to its average volume of 45,128,004. MARA Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The company has a market capitalization of $5.39 billion, a PE ratio of 19.39 and a beta of 6.61. The business has a 50 day simple moving average of $14.42 and a 200 day simple moving average of $16.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) 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 the consensus estimate of $234.19 million. During the same period in the previous year, the firm earned $1.26 EPS. The business's revenue was up 29.5% on a year-over-year basis. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 55,010 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the transaction, the chief executive officer now directly owns 4,146,804 shares in the company, valued at $62,202,060. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 33,400 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $501,000.00. Following the sale, the chief financial officer now owns 1,680,971 shares in the company, valued at $25,214,565. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,348 shares of company stock worth $2,633,802. 0.80% of the stock is owned by company 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.