Generali Asset Management SPA SGR Takes $2.52 Million Position in MARA Holdings, Inc. (NASDAQ:MARA)

Generali Asset Management SPA SGR bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 150,000 shares of the business services provider's stock, valued at approximately $2,516,000.

Other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of MARA in the 3rd quarter worth about $26,000. Beacon Capital Management LLC purchased a new stake in shares of MARA in the 4th quarter worth about $26,000. Larson Financial Group LLC boosted its position in shares of MARA by 124.2% in the 3rd 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 in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its position in shares of MARA by 79.3% in the 4th 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 in the last quarter. Finally, Spire Wealth Management lifted its holdings in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 over the last three months. Company insiders own 0.80% of the company's stock.

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MARA Stock Performance

MARA traded down $0.12 during trading hours on Friday, hitting $12.38. 43,011,455 shares of the stock were exchanged, compared to its average volume of 45,850,059. The stock has a 50-day simple moving average of $15.97 and a 200-day simple moving average of $18.08. MARA Holdings, Inc. has a 12 month low of $12.03 and a 12 month high of $30.28. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 15.67 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. Analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MARA shares. Piper Sandler dropped their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.80.

MARA Company 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.