Intrepid Financial Planning Group LLC Sells 1,450 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Intrepid Financial Planning Group LLC reduced its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,580 shares of the business services provider’s stock after selling 1,450 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in MARA were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of MARA during the third quarter valued at $1,557,000. Intech Investment Management LLC purchased a new stake in MARA during the third quarter valued at $1,107,000. Finally, Public Sector Pension Investment Board increased its position in 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. 44.53% of the stock is owned by institutional investors.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,915 shares of company stock valued at $2,265,643 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of a number of research reports. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. Barclays reduced their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Piper Sandler reduced their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.80.

MARA Stock Performance

Shares of MARA opened at $13.18 on Friday. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 16.68 and a beta of 5.95. 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 business has a 50-day simple moving average of $16.60 and a two-hundred day simple moving average of $18.23. MARA Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $30.28.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, analysts expect that MARA Holdings, Inc. will post -1.04 EPS 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.