MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. cut its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 91.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,542 shares of the business services provider’s stock after selling 15,841 shares during the period. Meeder Asset Management Inc.’s holdings in MARA were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in shares of MARA by 1,726.2% during the fourth quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock worth $12,015,000 after purchasing an additional 677,199 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in MARA in the 4th quarter worth $293,000. CIBC Private Wealth Group LLC boosted its position in MARA by 211.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,500 shares of the business services provider’s stock valued at $64,000 after buying an additional 2,375 shares during the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of MARA during the fourth quarter valued at about $925,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of MARA during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’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 directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,710 shares of company stock worth $1,226,825. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Rosenblatt Securities started coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Piper Sandler decreased their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Barclays cut their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.80.

MARA Stock Performance

MARA stock opened at $12.42 on Thursday. MARA Holdings, Inc. has a 1 year low of $11.05 and a 1 year high of $30.28. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 15.72 and a beta of 6.09. 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 stock’s fifty day moving average is $15.05 and its two-hundred day moving average is $17.97.

MARA (NASDAQ:MARA) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $187.11 million. On average, research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

About MARA

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.