Sava Infond d.o.o. Invests $151,000 in MARA Holdings, Inc. (NASDAQ:MARA)

Sava Infond d.o.o. purchased a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,000 shares of the business services provider’s stock, valued at approximately $151,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% during the 3rd 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 buying an additional 217,106 shares in the last quarter. Weiss Asset Management LP purchased a new position in MARA during the 3rd quarter valued at about $1,557,000. Intech Investment Management LLC bought a new stake in MARA during the third quarter worth about $1,107,000. Public Sector Pension Investment Board grew its holdings in MARA by 4.0% in the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after purchasing an additional 24,300 shares during the period. Finally, Capital Advisors Inc. OK bought a new position in shares of MARA during the fourth quarter valued at approximately $699,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MARA. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Rosenblatt Securities initiated coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Barclays decreased their target price 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.80.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by company insiders.

MARA Stock Down 1.1 %

MARA opened at $13.64 on Friday. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.27 and a beta of 5.95. The firm has a 50 day moving average price of $15.67 and a 200-day moving average price of $18.06. MARA Holdings, Inc. has a twelve month low of $12.03 and a twelve month high of $30.28. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities research analysts forecast 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.