Avaii Wealth Management LLC Raises Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Avaii Wealth Management LLC raised its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,941 shares of the business services provider’s stock after purchasing an additional 1,529 shares during the quarter. Avaii Wealth Management LLC’s holdings in MARA were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MARA. Dimensional Fund Advisors LP lifted its holdings in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in MARA by 67.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,406 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 7,827 shares during the period. Sei Investments Co. purchased a new stake in shares of MARA in the 2nd quarter valued at $201,000. Thrivent Financial for Lutherans purchased a new stake in shares of MARA in the 2nd quarter valued at $4,498,000. Finally, Ensign Peak Advisors Inc increased its stake in shares of MARA by 5.5% in the second quarter. Ensign Peak Advisors Inc now owns 85,563 shares of the business services provider’s stock worth $1,698,000 after acquiring an additional 4,450 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Barclays started coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. Finally, Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.67.

MARA Stock Up 0.2 %

MARA stock opened at $19.99 on Friday. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09. The stock has a market capitalization of $6.78 billion, a PE ratio of 25.30 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 business has a 50 day simple moving average of $21.33 and a 200-day simple moving average of $19.10.

MARA (NASDAQ:MARA) last posted 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The business’s revenue was up 34.4% on a year-over-year basis. On average, analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.97% of the stock is owned by corporate insiders.

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.