Avaii Wealth Management LLC Increases Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Avaii Wealth Management LLC increased its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 75.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,678 shares of the business services provider’s stock after purchasing an additional 12,737 shares during the period. Avaii Wealth Management LLC’s holdings in MARA were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after purchasing an additional 372,094 shares during the period. Van ECK Associates Corp boosted its position in MARA by 51.6% in the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock valued at $28,120,000 after buying an additional 570,803 shares during the last quarter. Rhumbline Advisers boosted its position in MARA by 6.6% in the 4th quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider’s stock valued at $13,987,000 after buying an additional 51,643 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in MARA by 589.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider’s stock valued at $69,000 after buying an additional 3,387 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in MARA by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 355,218 shares of the business services provider’s stock valued at $5,957,000 after buying an additional 3,393 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 33,400 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $15.00, for a total value of $501,000.00. Following the sale, the chief financial officer now owns 1,680,971 shares in the company, valued at approximately $25,214,565. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 55,010 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $825,150.00. Following the completion of the sale, the chief executive officer now owns 4,146,804 shares in the company, valued at $62,202,060. The trade was a 1.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,348 shares of company stock worth $2,633,802 over the last quarter. 0.80% of the stock is owned by company insiders.

MARA Price Performance

MARA opened at $15.04 on Friday. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The company’s 50-day moving average price is $14.42 and its 200 day moving average price is $16.43. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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 business had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on MARA. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Piper Sandler cut their target price on shares of MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Thursday, April 24th. Rosenblatt Securities upped their target price on shares of MARA from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Finally, Compass Point restated a “sell” rating and issued a $9.50 target price (down previously from $25.00) on shares of MARA in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four 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 a consensus rating of “Hold” and an average price target of $20.94.

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.