181,526 Shares in Marathon Digital Holdings, Inc. (NASDAQ:MARA) Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust acquired a new position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Marathon Digital during the fourth quarter worth about $46,413,000. Vanguard Group Inc. raised its stake in Marathon Digital by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Marathon Digital by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock worth $31,817,000 after acquiring an additional 1,248,292 shares in the last quarter. American Century Companies Inc. raised its stake in Marathon Digital by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Marathon Digital during the fourth quarter worth about $13,416,000. Institutional investors own 44.53% of the company's stock.

Insiders Place Their Bets

In other Marathon Digital news, CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $825,150.00. Following the transaction, the chief executive officer directly owned 4,146,804 shares in the company, valued at approximately $62,202,060. This represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the transaction, the director owned 176,859 shares in the company, valued at $2,829,744. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 199,853 shares of company stock worth $3,072,049. Corporate insiders own 0.80% of the company's stock.

Marathon Digital Stock Performance

NASDAQ:MARA opened at $19.14 on Friday. The company has a market capitalization of $6.74 billion, a PE ratio of -13.20 and a beta of 6.53. The company has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $15.38. 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 fifty-two week low of $9.81 and a fifty-two week high of $30.28.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The firm 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%. The business's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. Research analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

MARA has been the subject of several recent research reports. Compass Point reaffirmed a "sell" rating and issued a $9.50 price objective (down previously from $25.00) on shares of Marathon Digital in a research note on Tuesday, May 6th. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price objective on shares of Marathon Digital in a research note on Thursday, April 24th. Rosenblatt Securities upped their price objective on Marathon Digital from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Piper Sandler lowered their price objective on Marathon Digital from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on Marathon Digital from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.94.

About Marathon Digital

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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