Sona Asset Management US LLC Acquires New Stake in Marathon Digital Holdings, Inc. $MARA

Key Points

• Sona Asset Management US LLC acquired 230,000 Marathon Digital shares worth approximately $1.88 million during the first quarter, giving it a 0.06% stake. Institutional investors collectively own 44.53% of MARA.
• Analyst sentiment remains broadly positive, with eight Buy ratings, an average “Moderate Buy” consensus, and an average price target of $18.50, although several firms recently lowered their targets.
• MARA opened at $12.12 and remains highly volatile, with a beta of 5.36 and a 12-month range of $6.66 to $23.45. Executives also sold shares under pre-arranged 10b5-1 plans, while the company remains focused on Bitcoin mining and related high-performance computing opportunities.

Sona Asset Management US LLC acquired a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 230,000 shares of the business services provider's stock, valued at approximately $1,877,000. Sona Asset Management US LLC owned 0.06% of Marathon Digital at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in shares of Marathon Digital in the first quarter valued at $28,000. Bogart Wealth LLC grew its stake in shares of Marathon Digital by 4,345.1% during the 1st quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider's stock worth $33,000 after acquiring an additional 3,954 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Marathon Digital during the 4th quarter worth $36,000. Hantz Financial Services Inc. increased its holdings in Marathon Digital by 344.8% in the 4th quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider's stock worth $45,000 after acquiring an additional 3,893 shares during the last quarter. Finally, Danske Bank A S increased its holdings in Marathon Digital by 93.3% in the 4th quarter. Danske Bank A S now owns 5,800 shares of the business services provider's stock worth $52,000 after acquiring an additional 2,800 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: The stock recently outperformed the broader market, closing up in the prior session, which suggests the name has had strong short-term momentum despite today’s reversal. Marathon Digital Holdings, Inc. (MARA) Increases Despite Market Slip: Here's What You Need to Know
• Positive Sentiment: One analyst raised its price target on MARA, signaling that some on Wall Street still see upside tied to high-performance computing contracts and the company’s longer-term growth story. MARA Holdings (MARA) Stock Sees Split Analyst Revisions As Fair Value Edges Lower
• Neutral Sentiment: The company remains in focus after disclosure of a large Bitcoin sale and ahead of its upcoming earnings update, keeping attention on whether earnings and margin trends can offset revenue pressure. MARA Holdings (MARA) Following Bitcoin Sales And Earnings Focus As Fair Value Debate Builds
• Neutral Sentiment: Reported short-interest data was effectively flat/zero, so it does not appear to be a meaningful new catalyst for the stock right now.
• Negative Sentiment: Multiple analysts cut their targets, suggesting rising caution around execution risk, valuation, and the pace of crypto/AI-related demand. MARA Holdings (MARA) Stock Sees Split Analyst Revisions As Fair Value Edges Lower
• Negative Sentiment: The latest market report highlighted that MARA fell while the broader market rose, reinforcing concerns that traders are rotating away from the stock despite recent volatility. Marathon Digital Holdings, Inc. (MARA) Stock Falls Amid Market Uptick: What Investors Need to Know

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $12.00, for a total value of $192,000.00. Following the sale, the chief financial officer owned 425,066 shares in the company, valued at approximately $5,100,792. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,250 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $12.00, for a total value of $99,000.00. Following the completion of the sale, the general counsel owned 970,768 shares in the company, valued at $11,649,216. This trade represents a 0.84% decrease in their position. 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 109,260 shares of company stock valued at $1,452,756 in the last quarter. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citizens Jmp started coverage on Marathon Digital in a research note on Wednesday, June 24th. They issued a "market outperform" rating and a $24.00 price objective on the stock. Cantor Fitzgerald cut their target price on shares of Marathon Digital from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. BTIG Research reiterated a "buy" rating and issued a $27.00 target price on shares of Marathon Digital in a research note on Monday, June 1st. Rosenblatt Securities boosted their price target on shares of Marathon Digital from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Finally, Piper Sandler dropped their price target on shares of Marathon Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.50.

Marathon Digital Price Performance

Shares of NASDAQ:MARA opened at $12.12 on Monday. The company has a 50 day moving average of $13.30 and a 200 day moving average of $10.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.99. The stock has a market cap of $4.62 billion, a P/E ratio of -2.12 and a beta of 5.36. Marathon Digital Holdings, Inc. has a 12 month low of $6.66 and a 12 month high of $23.45.

Marathon Digital Company 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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