Evexia Wealth LLC Buys 2,282 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Evexia Wealth LLC increased its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,908 shares of the business services provider’s stock after acquiring an additional 2,282 shares during the period. Evexia Wealth LLC’s holdings in MARA were worth $196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC bought a new stake in shares of MARA in the 4th quarter valued at about $26,000. Park Square Financial Group LLC bought a new position in MARA during the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC raised its position in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,426 shares during the last quarter. Spire Wealth Management raised its position in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in MARA during the 4th quarter valued at approximately $50,000. Institutional investors own 44.53% of the company’s stock.

Analyst Ratings Changes

MARA has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on MARA from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. Compass Point reaffirmed a “sell” rating and set a $9.50 price target (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Rosenblatt Securities upped their price target on MARA from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Finally, Barclays upped their target price on MARA from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.83.

Insider Buying and Selling

In related news, Director Douglas K. Mellinger sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the sale, the director now owns 176,859 shares in the company, valued at $2,829,744. This represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 33,400 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the completion of the sale, the chief financial officer now owns 1,680,971 shares in the company, valued at $25,214,565. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,615 shares of company stock worth $2,067,284 in the last 90 days. Insiders own 0.80% of the company’s stock.

MARA Stock Up 6.0%

MARA stock opened at $15.78 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 19.97 and a beta of 6.82. The business’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $16.74. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The company had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share 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.