Generali Asset Management SPA SGR Has $3.92 Million Stock Holdings in Marathon Digital Holdings, Inc. $MARA

Key Points

• Generali Asset Management SPA SGR increased its stake in Marathon Digital Holdings by 66.7%, owning 250,000 shares worth approximately $3.92 million as of the end of the 2nd quarter.
• Marathon Digital's latest earnings report showed a significant beat on EPS at $1.84, exceeding estimates by $2.13, and a 64% increase in revenue year-over-year to $238.50 million.
• Insider trading activity included CFO Salman Hassan Khan selling 34,732 shares and CEO Frederick G. Thiel selling 27,505 shares, indicating a decrease in their respective positions.

Generali Asset Management SPA SGR lifted its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 66.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the business services provider's stock after purchasing an additional 100,000 shares during the period. Generali Asset Management SPA SGR owned 0.07% of Marathon Digital worth $3,920,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC increased its stake in shares of Marathon Digital by 4.9% during the 2nd quarter. Yousif Capital Management LLC now owns 131,757 shares of the business services provider's stock worth $2,066,000 after purchasing an additional 6,179 shares during the last quarter. CWM LLC increased its stake in shares of Marathon Digital by 32.9% during the 2nd quarter. CWM LLC now owns 19,088 shares of the business services provider's stock worth $299,000 after purchasing an additional 4,728 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Marathon Digital by 45.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,507 shares of the business services provider's stock worth $447,000 after purchasing an additional 8,885 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Marathon Digital by 375.4% during the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider's stock worth $40,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in shares of Marathon Digital by 4.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 103,426 shares of the business services provider's stock worth $1,622,000 after purchasing an additional 4,592 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $16.24, for a total value of $564,047.68. Following the completion of the sale, the chief financial officer owned 318,428 shares of the company's stock, valued at $5,171,270.72. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $17.38, for a total transaction of $478,036.90. Following the sale, the chief executive officer directly owned 3,755,789 shares of the company's stock, valued at approximately $65,275,612.82. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,361 shares of company stock valued at $2,288,295 in the last quarter. Company insiders own 0.80% of the company's stock.

Marathon Digital Stock Performance

NASDAQ MARA opened at $22.84 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.46 billion, a P/E ratio of 20.58 and a beta of 6.33. Marathon Digital Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28. The firm has a 50-day moving average price of $17.14 and a two-hundred day moving average price of $15.85.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $2.13. The firm had revenue of $238.50 million during the quarter, compared to the consensus estimate of $212.25 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The business's revenue for the quarter was up 64.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.72) EPS. Analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MARA shares. Weiss Ratings restated a "hold (c)" rating on shares of Marathon Digital in a research note on Wednesday, October 8th. Cantor Fitzgerald upped their price target on shares of Marathon Digital from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Piper Sandler upped their price target on shares of Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Compass Point assumed coverage on shares of Marathon Digital in a research note on Monday, September 15th. They issued a "neutral" rating and a $18.00 price target on the stock. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of Marathon Digital in a research note on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.40.

Marathon Digital 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.

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