Truvestments Capital LLC Makes New Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Truvestments Capital LLC purchased a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the third quarter, Holdings Channel reports. The fund purchased 1,600 shares of the business services provider’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in MARA during the 1st quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of MARA during the first quarter worth $312,000. Cetera Investment Advisers bought a new stake in shares of MARA in the first quarter worth $3,696,000. Cetera Advisors LLC increased its holdings in MARA by 606.5% in the first quarter. Cetera Advisors LLC now owns 105,648 shares of the business services provider’s stock valued at $2,386,000 after purchasing an additional 90,695 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in MARA during the 1st quarter worth $105,000. 44.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at $33,022,547.90. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,822 shares of company stock worth $2,702,877 over the last quarter. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. Macquarie raised their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.33.

MARA Trading Up 7.8 %

MARA opened at $26.92 on Friday. The company has a fifty day moving average price of $18.65 and a two-hundred day moving average price of $18.88. MARA Holdings, Inc. has a 1-year low of $11.55 and a 1-year high of $34.09. The company has a market cap of $8.66 billion, a P/E ratio of 34.08 and a beta of 5.52. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) earnings per share. Analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

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.