Foundations Investment Advisors LLC Buys 42,494 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Foundations Investment Advisors LLC boosted its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 61.2% during the 4th quarter, Holdings Channel reports. The firm owned 111,917 shares of the business services provider’s stock after buying an additional 42,494 shares during the quarter. Foundations Investment Advisors LLC’s holdings in MARA were worth $1,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in MARA during the third quarter valued at $26,000. Larson Financial Group LLC grew its position in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its stake in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares during the last quarter. Signaturefd LLC raised its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of MARA in the 3rd quarter valued at approximately $50,000. Institutional investors own 44.53% of the company’s stock.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock worth $2,980,694 in the last three months. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

MARA has been the topic of several analyst reports. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. B. Riley lifted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 0.1 %

Shares of NASDAQ MARA opened at $18.26 on Wednesday. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 23.11 and a beta of 5.76. The stock has a 50 day moving average price of $21.30 and a 200 day moving average price of $19.08. 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) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

MARA 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.