Maridea Wealth Management LLC Takes $925,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

Maridea Wealth Management LLC acquired a new position in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, Holdings Channel reports. The firm acquired 55,187 shares of the business services provider’s stock, valued at approximately $925,000.

Several other hedge funds also recently added to or reduced their stakes in MARA. Charles Schwab Investment Management Inc. grew its holdings in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the period. Weiss Asset Management LP purchased a new position in MARA during the third quarter worth about $1,557,000. Public Sector Pension Investment Board increased its position in shares of MARA by 4.0% during the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock valued at $10,135,000 after acquiring an additional 24,300 shares during the last quarter. Capital Advisors Inc. OK purchased a new stake in shares of MARA in the 4th quarter valued at approximately $699,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of MARA in the 4th quarter worth approximately $231,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Trading Down 8.6 %

NASDAQ MARA opened at $12.47 on Friday. MARA Holdings, Inc. has a 52 week low of $12.03 and a 52 week high of $30.28. The firm has a 50 day moving average of $15.52 and a two-hundred day moving average of $18.04. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4.31 billion, a PE ratio of 15.78 and a beta of 5.95.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. B. Riley boosted their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.80.

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.