Generali Asset Management SPA SGR Purchases New Position in MARA Holdings, Inc. (NASDAQ:MARA)

Generali Asset Management SPA SGR purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the business services provider’s stock, valued at approximately $2,516,000.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in MARA during the third quarter worth $26,000. Beacon Capital Management LLC purchased a new stake in MARA during the fourth quarter worth $26,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the period. Finally, Spire Wealth Management lifted its holdings in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Stock Up 3.8 %

MARA stock opened at $12.53 on Thursday. MARA Holdings, Inc. has a twelve month low of $12.03 and a twelve month high of $30.28. The stock’s fifty day simple moving average is $16.19 and its 200-day simple moving average is $18.13. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.33 billion, a P/E ratio of 15.86 and a beta of 5.95.

MARA (NASDAQ:MARA) last posted 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction 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. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s 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 transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,710 shares of company stock worth $1,226,825. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Barclays decreased their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, MARA has a consensus 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.