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

Compass Financial Management LLC purchased a new position in MARA Holdings (NASDAQ:MARA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 431,971 shares of the business services provider’s stock, valued at approximately $6,000,000.

Other large investors have also modified their holdings of the company. Quantinno Capital Management LP grew its position in MARA by 315.5% during the 1st quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider’s stock worth $1,359,000 after purchasing an additional 126,482 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in shares of MARA in the fourth quarter worth $831,000. Hsbc Holdings PLC acquired a new stake in shares of MARA during the fourth quarter worth $5,220,000. Intech Investment Management LLC lifted its stake in shares of MARA by 56.2% during the fourth quarter. Intech Investment Management LLC now owns 213,066 shares of the business services provider’s stock worth $1,913,000 after buying an additional 76,670 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of MARA during the first quarter valued at $2,864,000. Hedge funds and other institutional investors own 44.53% 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

Insider Activity

In other news, Director Douglas Mellinger sold 7,000 shares of MARA stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $16.00, for a total transaction of $112,000.00. Following the completion of the transaction, the director directly owned 231,618 shares of the company’s stock, valued at $3,705,888. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of MARA stock in a transaction on Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the completion of the transaction, the general counsel directly owned 898,780 shares of the company’s stock, valued at $10,785,360. The trade was a 0.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 109,386 shares of company stock worth $1,332,889 over the last 90 days. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MARA shares. Weiss Ratings raised MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Morgan Stanley lifted their price target on MARA from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Thursday, August 13th. BTIG Research reiterated a “buy” rating and set a $27.00 price target on shares of MARA in a research note on Monday, June 1st. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of MARA in a report on Friday, August 7th. Finally, Citizens Jmp assumed coverage on MARA in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.78.

MARA Stock Down 2.5%

MARA stock opened at $11.31 on Friday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of -1.23 and a beta of 5.32. MARA Holdings has a 52 week low of $6.66 and a 52 week high of $23.45. The business’s 50-day moving average price is $11.40 and its 200 day moving average price is $11.21. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15.

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

About MARA

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.