Charles Schwab Investment Management Inc. Purchases 372,094 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Charles Schwab Investment Management Inc. lifted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 14.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,028,457 shares of the business services provider’s stock after acquiring an additional 372,094 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MARA were worth $50,787,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MARA. Steward Partners Investment Advisory LLC grew its stake in shares of MARA by 55.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,845 shares of the business services provider’s stock worth $266,000 after buying an additional 5,625 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of MARA in the 4th quarter worth approximately $3,570,000. Smartleaf Asset Management LLC grew its stake in shares of MARA by 589.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider’s stock worth $69,000 after buying an additional 3,387 shares during the last quarter. US Bancorp DE grew its stake in shares of MARA by 73.3% in the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after buying an additional 1,505 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of MARA by 2.1% in the 4th quarter. Mutual of America Capital Management LLC now owns 208,293 shares of the business services provider’s stock worth $3,493,000 after buying an additional 4,318 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,915 shares of company stock valued at $2,265,643. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on MARA. B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Compass Point downgraded 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 research note on Thursday, November 21st. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. One research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.80.

MARA Price Performance

Shares of MARA stock opened at $12.16 on Friday. MARA Holdings, Inc. has a one year low of $12.05 and a one year high of $30.28. The stock’s fifty day moving average is $16.83 and its 200 day moving average is $18.30. The stock has a market cap of $4.21 billion, a P/E ratio of 15.39 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current 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.