GAMMA Investing LLC Grows Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

GAMMA Investing LLC lifted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 102.0% during the 4th quarter, HoldingsChannel reports. The fund owned 12,844 shares of the business services provider’s stock after purchasing an additional 6,485 shares during the period. GAMMA Investing LLC’s holdings in MARA were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in MARA in the 3rd quarter worth about $26,000. Larson Financial Group LLC raised its stake in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC lifted its position in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in MARA in the 3rd quarter valued at $50,000. Finally, Tobam increased its holdings in MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock worth $3,258,686 over the last quarter. 0.97% of the stock is currently owned by company insiders.

MARA Price Performance

MARA stock opened at $19.07 on Wednesday. The company has a 50-day moving average price of $21.53 and a 200 day moving average price of $19.22. MARA Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.14 billion, a P/E ratio of 24.14 and a beta of 5.76.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Piper Sandler assumed coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.80.

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.