Generali Asset Management SPA SGR Acquires Shares of 150,000 MARA Holdings, Inc. (NASDAQ:MARA)

Generali Asset Management SPA SGR acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, Holdings Channel reports. The fund acquired 150,000 shares of the business services provider’s stock, valued at approximately $2,516,000.

Several other large investors also recently bought and sold shares of MARA. Van ECK Associates Corp boosted its stake in MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock valued at $28,120,000 after acquiring an additional 570,803 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of MARA by 37.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock worth $32,061,000 after buying an additional 519,900 shares during the period. Geode Capital Management LLC boosted its stake in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after buying an additional 378,542 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after buying an additional 372,094 shares during the period. Finally, Matauro LLC acquired a new stake in shares of MARA during the fourth quarter worth about $3,676,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MARA. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price 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. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Rosenblatt Securities began coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Finally, Barclays cut their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.80.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of 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. Over the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. Corporate insiders own 0.80% of the company’s stock.

MARA Trading Up 3.8 %

Shares of MARA stock opened at $12.53 on Thursday. MARA Holdings, Inc. has a 12-month low of $12.03 and a 12-month high of $30.28. 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 stock has a market cap of $4.33 billion, a PE ratio of 15.86 and a beta of 5.95. The company has a 50-day moving average of $16.19 and a two-hundred day moving average of $18.13.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating 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 company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

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.