Marathon Digital Holdings, Inc. $MARA Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

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 stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 30.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Ranch Capital Advisors Inc. grew its holdings in shares of Marathon Digital by 5.8% in the first quarter. Ranch Capital Advisors Inc. now owns 14,632 shares of the business services provider's stock valued at $168,000 after purchasing an additional 805 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Marathon Digital by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock valued at $304,000 after purchasing an additional 878 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Marathon Digital by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock valued at $244,000 after purchasing an additional 992 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Marathon Digital by 28.9% in the fourth quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider's stock valued at $78,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Marathon Digital by 13.2% in the fourth quarter. Baird Financial Group Inc. now owns 10,620 shares of the business services provider's stock valued at $178,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Marathon Digital from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $19.00 to $22.00 in a report on Monday, July 28th. Barclays lifted their price objective on shares of Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Cantor Fitzgerald lifted their price target on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. 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. Finally, Compass Point upgraded shares of Marathon Digital from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $9.50 to $18.00 in a research note on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Marathon Digital currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

Marathon Digital Stock Up 5.0%

Shares of NASDAQ:MARA opened at $16.29 on Friday. The company has a market capitalization of $6.03 billion, a PE ratio of 14.68 and a beta of 6.24. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47. Marathon Digital Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The firm has a 50 day simple moving average of $16.57 and a 200-day simple moving average of $15.02.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $2.13. The business 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 company's revenue was up 64.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.72) EPS. On average, equities analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity at Marathon Digital

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $15.28, for a total transaction of $420,276.40. Following the completion of the sale, the chief executive officer owned 3,810,799 shares in the company, valued at approximately $58,229,008.72. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 34,732 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $15.73, for a total transaction of $546,334.36. Following the sale, the chief financial officer owned 353,160 shares of the company's stock, valued at $5,555,206.80. This represents a 8.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,712 shares of company stock valued at $3,186,128 in the last 90 days. Insiders own 0.80% of the company's stock.

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.

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