Fiduciary Alliance LLC Has $1.14 Million Holdings in Marathon Digital Holdings, Inc. $MARA

Key Points

• Fiduciary Alliance LLC increased its stake in Marathon Digital Holdings, acquiring an additional 15,426 shares, bringing its total to 72,735 shares worth approximately $1.14 million.
• Multiple hedge funds have invested in Marathon Digital, with notable stakes increasing by 6,800% and 65.3% by different firms, highlighting a growing interest from institutional investors.
• Wall Street analysts have set an average price target of $24.50 for Marathon Digital, with most analysts rating the stock as a Moderate Buy.

Fiduciary Alliance LLC raised its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 26.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,735 shares of the business services provider's stock after purchasing an additional 15,426 shares during the quarter. Fiduciary Alliance LLC's holdings in Marathon Digital were worth $1,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MARA. American Century Companies Inc. raised its stake in shares of Marathon Digital by 55.7% in the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider's stock valued at $72,334,000 after purchasing an additional 2,250,082 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Marathon Digital in the 1st quarter valued at about $14,810,000. Vanguard Group Inc. raised its stake in shares of Marathon Digital by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider's stock valued at $457,832,000 after purchasing an additional 1,028,512 shares during the period. Nuveen LLC acquired a new stake in shares of Marathon Digital in the 1st quarter valued at about $11,514,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Marathon Digital in the 4th quarter valued at $13,416,000. Institutional investors and hedge funds own 44.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on MARA shares. BTIG Research reissued a "buy" rating and set a $27.00 price target on shares of Marathon Digital in a research report on Friday, September 5th. Cantor Fitzgerald boosted their price target on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Marathon Digital in a research report on Wednesday, July 30th. Compass Point started coverage on shares of Marathon Digital in a research report on Monday, September 15th. They set a "neutral" rating and a $18.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of Marathon Digital from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Marathon Digital has an average rating of "Moderate Buy" and a consensus target price of $24.50.

Insider Activity

In other news, Director Vicki Mealer-Burke sold 14,887 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $15.22, for a total transaction of $226,580.14. Following the completion of the transaction, the director owned 58,103 shares of the company's stock, valued at approximately $884,327.66. This trade represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 34,732 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $16.24, for a total transaction of $564,047.68. Following the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,598 shares of company stock valued at $3,483,548. Insiders own 0.80% of the company's stock.

Marathon Digital Price Performance

Shares of Marathon Digital stock traded down $0.21 on Friday, reaching $18.29. 62,723,905 shares of the stock were exchanged, compared to its average volume of 62,780,952. The firm's 50 day moving average is $16.60 and its 200-day moving average is $15.15. Marathon Digital Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $6.78 billion, a PE ratio of 16.48 and a beta of 6.35.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of ($0.29) by $2.13. The company 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 firm's quarterly revenue was up 64.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.72) EPS. As a group, analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Marathon Digital 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.