Emerald Mutual Fund Advisers Trust Makes New $2.09 Million Investment in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Emerald Mutual Fund Advisers Trust bought a new stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 181,526 shares of the business services provider's stock, valued at approximately $2,088,000. Emerald Mutual Fund Advisers Trust owned 0.05% of Marathon Digital as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Xponance Inc. grew its stake in shares of Marathon Digital by 27.1% during the 1st quarter. Xponance Inc. now owns 26,179 shares of the business services provider's stock valued at $301,000 after buying an additional 5,582 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in shares of Marathon Digital during the 1st quarter worth about $140,000. Nisa Investment Advisors LLC increased its position in Marathon Digital by 233.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,055 shares of the business services provider's stock worth $1,576,000 after purchasing an additional 95,990 shares in the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of Marathon Digital in the first quarter worth $343,000. Finally, M&T Bank Corp increased its holdings in Marathon Digital by 16.8% in the 1st quarter. M&T Bank Corp now owns 26,721 shares of the business services provider's stock valued at $308,000 after purchasing an additional 3,840 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

Insider Transactions at Marathon Digital

In other news, Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the transaction, the director directly owned 176,859 shares in the company, valued at $2,829,744. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.30, for a total transaction of $420,826.50. Following the completion of the transaction, the chief executive officer directly owned 3,983,593 shares in the company, valued at $60,948,972.90. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 199,853 shares of company stock valued at $3,072,049. Company insiders own 0.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on MARA. Compass Point reissued a "sell" rating and set a $9.50 target price (down from $25.00) on shares of Marathon Digital in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Marathon Digital from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, June 13th. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of Marathon Digital in a research report on Thursday, April 24th. Piper Sandler reduced their price objective on Marathon Digital from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Barclays boosted their target price on shares of Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.94.

Marathon Digital Stock Performance

Shares of MARA traded down $0.45 during midday trading on Tuesday, hitting $18.76. 39,299,515 shares of the stock traded hands, compared to its average volume of 45,395,664. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 0.79. Marathon Digital Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The business's 50 day moving average price is $15.65 and its two-hundred day moving average price is $15.32. The firm has a market capitalization of $6.60 billion, a PE ratio of -12.94 and a beta of 6.53.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The business had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. Marathon Digital had a negative net margin of 46.68% and a positive return on equity of 6.33%. Marathon Digital's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. Equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

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.