Meeder Asset Management Inc. Trims Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Meeder Asset Management Inc. reduced its position in MARA Holdings, Inc. (NASDAQ:MARA) by 91.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,542 shares of the business services provider’s stock after selling 15,841 shares during the quarter. Meeder Asset Management Inc.’s holdings in MARA were worth $26,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Weiss Asset Management LP purchased a new position in MARA during the 3rd quarter worth $1,557,000. Capital Advisors Inc. OK acquired a new stake in shares of MARA during the fourth quarter worth about $699,000. Arkadios Wealth Advisors purchased a new position in shares of MARA during the fourth quarter worth about $231,000. Foundations Investment Advisors LLC increased its position in MARA by 61.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock valued at $1,877,000 after acquiring an additional 42,494 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake 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 valued at $50,787,000 after acquiring an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. 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 27,505 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 in the last quarter. 0.80% of the stock is owned by insiders.

MARA Price Performance

Shares of NASDAQ:MARA opened at $12.42 on Thursday. MARA Holdings, Inc. has a 12 month low of $11.05 and a 12 month high of $30.28. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 15.72 and a beta of 6.09. The business’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Barclays dropped their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler reduced their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.80.

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.