Newbridge Financial Services Group Inc. Makes New $300,000 Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Newbridge Financial Services Group Inc. acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,915 shares of the business services provider’s stock, valued at approximately $300,000.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in MARA during the 3rd quarter worth $26,000. Larson Financial Group LLC increased its stake in shares of 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 purchasing an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of MARA by 79.3% in 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 purchasing an additional 860 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 worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Spire Wealth Management boosted its stake 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 period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,915 shares of company stock valued at $2,980,694 in the last ninety days. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MARA shares. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Macquarie boosted their price objective 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 reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Piper Sandler assumed coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target 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 stock. Based on data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Trading Down 0.2 %

Shares of MARA opened at $16.77 on Monday. 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 $5.69 billion, a PE ratio of 21.23 and a beta of 5.76. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The stock has a 50 day simple moving average of $20.04 and a 200-day simple moving average of $18.74.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s revenue was up 34.4% compared to the same quarter last year. On average, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal 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.