Marathon Digital Holdings, Inc. $MARA Stock Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,848,036 shares of the business services provider's stock after purchasing an additional 186,904 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.53% of Marathon Digital worth $21,255,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of Marathon Digital during the fourth quarter worth approximately $27,000. CX Institutional acquired a new stake in shares of Marathon Digital during the first quarter worth approximately $68,000. Archer Investment Corp boosted its holdings in shares of Marathon Digital by 6,800.0% during the first quarter. Archer Investment Corp now owns 6,900 shares of the business services provider's stock worth $79,000 after purchasing an additional 6,800 shares during the period. Mirador Capital Partners LP acquired a new stake in shares of Marathon Digital during the first quarter worth approximately $117,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Marathon Digital during the first quarter worth approximately $121,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Marathon Digital Stock Performance

Shares of MARA opened at $15.19 on Monday. The company's fifty day moving average is $16.77 and its 200-day moving average is $14.95. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 13.68 and a beta of 6.36. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 EPS for the quarter, topping the consensus estimate of ($0.29) by $2.13. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. During the same quarter in the prior year, the business posted ($0.72) EPS. Marathon Digital's quarterly revenue was up 64.0% on a year-over-year basis. Equities analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 34,732 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $15.73, for a total value of $546,334.36. Following the completion of the sale, the chief financial officer directly owned 353,160 shares in the company, valued at approximately $5,555,206.80. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Monday, August 18th. The stock was 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 of the company's stock, valued at $58,229,008.72. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 188,712 shares of company stock valued at $3,170,128 over the last 90 days. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. upgraded shares of Marathon Digital from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $19.00 to $22.00 in a report on Monday, July 28th. Cantor Fitzgerald raised their price target on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. BTIG Research reiterated a "buy" rating and issued a $27.00 target price on shares of Marathon Digital in a research note on Friday. Finally, Compass Point upgraded shares of Marathon Digital from a "sell" rating to a "neutral" rating and lifted their target price for the company from $9.50 to $18.00 in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Marathon Digital currently has a consensus rating of "Moderate Buy" and an average price target of $24.50.

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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