United Advisor Group LLC Increases Stake in MARA Holdings, Inc. (NASDAQ:MARA)

United Advisor Group LLC grew its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,007 shares of the business services provider's stock after purchasing an additional 20,007 shares during the period. United Advisor Group LLC's holdings in MARA were worth $855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MARA. Beacon Capital Management LLC bought a new position in shares of MARA in the fourth quarter worth $26,000. Sterling Capital Management LLC grew its position 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 worth $31,000 after buying an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Spire Wealth Management boosted its position in shares of MARA by 26.7% during the 4th 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 during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of MARA during the fourth quarter worth about $50,000. Institutional investors own 44.53% of the company's stock.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.68, for a total transaction of $431,278.40. Following the completion of the transaction, the chief executive officer now directly owns 4,011,098 shares of the company's stock, valued at $62,894,016.64. The trade was a 0.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,315 shares of company stock worth $2,322,961. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MARA. HC Wainwright reissued a "buy" rating and set a $28.00 price objective on shares of MARA in a report on Thursday, April 24th. Rosenblatt Securities lifted their target price on shares of MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday. Piper Sandler cut their price target on shares of MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Barclays raised their price target on MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.83.

MARA Trading Down 0.2%

NASDAQ MARA traded down $0.03 on Thursday, hitting $14.84. 16,326,182 shares of the stock were exchanged, compared to its average volume of 45,120,707. 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 Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. The firm has a market capitalization of $5.22 billion, a P/E ratio of 18.75 and a beta of 6.82. The stock has a fifty day moving average price of $13.70 and a two-hundred day moving average price of $17.06.

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

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.