Sava Infond d.o.o. Makes New $151,000 Investment 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, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,000 shares of the business services provider’s stock, valued at approximately $151,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MARA. Spire Wealth Management increased its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares during the period. United Services Automobile Association increased its holdings in shares of MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after purchasing an additional 635 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of MARA by 79.3% in 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 in the last quarter. Larson Financial Group LLC boosted its stake 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 valued at $31,000 after buying an additional 1,062 shares during the period. Finally, New York State Teachers Retirement System grew its position in MARA by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider’s stock worth $4,650,000 after buying an additional 1,299 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. Piper Sandler lowered their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays lowered their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price for the company. 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.80.

MARA Trading Down 1.1 %

NASDAQ MARA opened at $13.64 on Friday. The firm has a market cap of $4.72 billion, a PE ratio of 17.27 and a beta of 5.95. MARA Holdings, Inc. has a 1-year low of $12.03 and a 1-year high of $30.28. The stock has a 50-day moving average of $15.67 and a 200-day moving average of $18.06. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $187.11 million. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction 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 approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock valued at $1,226,825 in the last quarter. Insiders own 0.80% of the company’s stock.

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.