Marathon Digital Holdings, Inc. $MARA Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs reduced its stake in Marathon Digital by 70.8% in Q4, leaving it with 75,567 shares valued at about $679,000.
• Marathon reported a weak quarter — ($4.52) EPS vs. ($0.23) expected and $202.3M revenue vs. $250.7M expected — leaving negative margins and an analyst forecast of roughly -0.79 EPS for the fiscal year; the stock trades near $11.83 with a ~$4.5B market cap.
• Analyst views are mixed (average rating: Hold, average price target $18.22), while insiders have been selling shares — including CEO and CFO transactions — totaling 172,605 shares (~$1.75M) in the past 90 days.

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 70.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,567 shares of the business services provider's stock after selling 183,603 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Marathon Digital were worth $679,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Hollencrest Capital Management grew its holdings in shares of Marathon Digital by 2,407.4% during the third quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider's stock worth $25,000 after purchasing an additional 1,300 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider's stock worth $33,000 after purchasing an additional 659 shares during the last quarter. Danske Bank A S purchased a new position in shares of Marathon Digital during the third quarter worth about $55,000. Farther Finance Advisors LLC grew its holdings in shares of Marathon Digital by 50.8% during the fourth quarter. Farther Finance Advisors LLC now owns 7,754 shares of the business services provider's stock worth $70,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Marathon Digital by 303.6% during the second quarter. Smartleaf Asset Management LLC now owns 5,013 shares of the business services provider's stock worth $75,000 after purchasing an additional 3,771 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on MARA. Cantor Fitzgerald dropped their price objective on Marathon Digital from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. HC Wainwright reissued a "neutral" rating on shares of Marathon Digital in a research note on Friday, February 27th. Weiss Ratings downgraded Marathon Digital from a "hold (c-)" rating to a "sell (d)" rating in a research report on Friday, March 6th. Piper Sandler cut their price target on Marathon Digital from $26.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, January 14th. Finally, Rosenblatt Securities upped their price objective on Marathon Digital from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Marathon Digital presently has an average rating of "Hold" and an average price target of $18.22.

Marathon Digital Stock Up 3.2%

Shares of Marathon Digital stock opened at $11.83 on Tuesday. The company has a fifty day moving average price of $9.41 and a 200 day moving average price of $11.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.92. Marathon Digital Holdings, Inc. has a twelve month low of $6.66 and a twelve month high of $23.45. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of -2.99 and a beta of 5.42.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported ($4.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($4.29). The firm had revenue of $202.31 million during the quarter, compared to analysts' expectations of $250.74 million. Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share. Equities research analysts forecast that Marathon Digital Holdings, Inc. will post -0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total value of $252,495.90. Following the completion of the transaction, the chief executive officer directly owned 4,788,954 shares of the company's stock, valued at $43,962,597.72. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,000 shares of the company's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $11.68, for a total transaction of $186,880.00. Following the completion of the transaction, the chief financial officer directly owned 441,066 shares of the company's stock, valued at approximately $5,151,650.88. The trade was a 3.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 172,605 shares of company stock valued at $1,745,843 in the last ninety days. Insiders own 0.80% of the company's stock.

Marathon Digital Profile

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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