Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $2.56 million in Marathon Digital Holdings, acquiring 222,182 shares, representing around 0.06% of the company.
• Several institutional investors significantly increased their holdings in Marathon Digital during the fourth quarter, with Norges Bank purchasing a new position valued at $46.4 million.
• Wall Street analysts maintain a generally positive outlook on Marathon Digital, with a consensus rating of “Moderate Buy” and an average price target of $24.22.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 222,182 shares of the business services provider's stock, valued at approximately $2,555,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Marathon Digital at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Park Square Financial Group LLC purchased a new stake in Marathon Digital during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC lifted its stake in Marathon Digital by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Marathon Digital during the fourth quarter worth $50,000. CIBC Private Wealth Group LLC increased its stake in shares of Marathon Digital by 211.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,500 shares of the business services provider's stock worth $64,000 after buying an additional 2,375 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Marathon Digital by 28.9% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

Marathon Digital Stock Performance

Shares of MARA stock traded down $0.58 during mid-day trading on Friday, hitting $15.50. 43,055,752 shares of the stock were exchanged, compared to its average volume of 42,810,273. The stock's fifty day simple moving average is $16.46 and its two-hundred day simple moving average is $15.36. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.96 and a beta of 6.53. Marathon Digital Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.79 and a current ratio of 0.54.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%. The company had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. During the same period in the prior year, the business earned $1.26 EPS. The business's quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Compass Point raised Marathon Digital from a "sell" rating to a "neutral" rating and increased their target price for the company from $9.50 to $18.00 in a report on Friday, July 25th. Barclays increased their target price on Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 target price on shares of Marathon Digital in a report on Wednesday. Finally, JPMorgan Chase & Co. raised Marathon Digital from a "neutral" rating to an "overweight" rating and increased their target price for the company from $19.00 to $22.00 in a report on Monday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Marathon Digital presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 55,010 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $825,150.00. Following the transaction, the chief executive officer owned 4,146,804 shares of the company's stock, valued at $62,202,060. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 34,733 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $15.85, for a total transaction of $550,518.05. Following the completion of the sale, the chief financial officer owned 1,413,298 shares of the company's stock, valued at approximately $22,400,773.30. The trade was a 2.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 262,090 shares of company stock valued at $4,270,591 over the last quarter. 0.80% of the stock is currently owned by insiders.

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.