Banco Bilbao Vizcaya Argentaria S.A. Acquires 27,584 Shares of Marathon Digital Holdings, Inc. $MARA

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Marathon Digital Holdings by 30.8%, owning 117,167 shares valued at approximately $1.4 million as of the latest SEC disclosure.
• Marathon Digital received several analyst upgrades, with price targets ranging from $16.00 to $39.00, indicating a strong consensus rating of "Moderate Buy".
• The company reported $1.84 earnings per share for its latest quarter, significantly exceeding analyst expectations, while revenue increased by 64% year-over-year.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 30.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 117,167 shares of the business services provider's stock after acquiring an additional 27,584 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Marathon Digital were worth $1,398,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Marathon Digital by 307.7% in the first quarter. Janney Montgomery Scott LLC now owns 63,371 shares of the business services provider's stock valued at $729,000 after acquiring an additional 47,826 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Marathon Digital by 1,521.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,823 shares of the business services provider's stock valued at $147,000 after acquiring an additional 12,032 shares during the period. Dimensional Fund Advisors LP grew its stake in Marathon Digital by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 207,839 shares of the business services provider's stock valued at $3,485,000 after acquiring an additional 3,998 shares during the period. Stifel Financial Corp grew its stake in Marathon Digital by 59.3% in the fourth quarter. Stifel Financial Corp now owns 41,497 shares of the business services provider's stock valued at $696,000 after acquiring an additional 15,447 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Marathon Digital by 3.5% in the first quarter. Yousif Capital Management LLC now owns 125,578 shares of the business services provider's stock valued at $1,444,000 after acquiring an additional 4,297 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MARA shares. Barclays raised their price objective on Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Macquarie lifted their target price on Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Piper Sandler lifted their target price on Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Cantor Fitzgerald lifted their target price on Marathon Digital from $34.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of Marathon Digital in a research report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Marathon Digital presently has a consensus rating of "Moderate Buy" and an average target price of $24.22.

Marathon Digital Stock Performance

MARA stock traded up $0.01 during midday trading on Wednesday, hitting $15.85. The company's stock had a trading volume of 49,714,003 shares, compared to its average volume of 42,365,420. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 14.28 and a beta of 6.24. 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 stock's 50-day moving average price is $16.63 and its 200 day moving average price is $15.00. Marathon Digital Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28.

Marathon Digital (NASDAQ:MARA - Get Free Report) last announced 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 negative return on equity of 2.11% and a net margin of 85.02%.The business's revenue for the quarter was up 64.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) EPS. On average, equities analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,733 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total value of $550,518.05. Following the completion of the transaction, the chief financial officer owned 1,413,298 shares in the company, valued at $22,400,773.30. This represents a 2.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $15.28, for a total value of $420,276.40. Following the completion of the transaction, the chief executive officer owned 3,810,799 shares of the company's stock, valued at $58,229,008.72. This trade represents a 0.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,712 shares of company stock valued at $3,186,128 in the last 90 days. Corporate insiders own 0.80% of the company's stock.

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.