Vontobel Holding Ltd. Has $1.76 Million Position in Marathon Digital Holdings, Inc. $MARA

Vontobel Holding Ltd. cut its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 31.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,241 shares of the business services provider's stock after selling 52,480 shares during the quarter. Vontobel Holding Ltd.'s holdings in Marathon Digital were worth $1,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Marathon Digital by 59.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider's stock valued at $29,000 after purchasing an additional 683 shares during the last quarter. CX Institutional bought a new stake in shares of Marathon Digital during the 1st quarter valued at approximately $68,000. Archer Investment Corp grew its holdings in shares of Marathon Digital by 6,800.0% during the 1st quarter. Archer Investment Corp now owns 6,900 shares of the business services provider's stock valued at $79,000 after purchasing an additional 6,800 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Marathon Digital by 65.3% during the 1st quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider's stock valued at $88,000 after purchasing an additional 3,032 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Marathon Digital during the 1st quarter valued at approximately $121,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MARA has been the topic of several research reports. Compass Point initiated coverage on shares of Marathon Digital in a report on Monday, September 15th. They set a "neutral" rating and a $18.00 price target on the stock. Macquarie lifted their price target on shares of Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Cantor Fitzgerald lifted their price target on shares of Marathon Digital from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Marathon Digital in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Marathon Digital from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, September 26th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.40.

Marathon Digital Stock Performance

MARA opened at $18.63 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47. The company's fifty day moving average price is $16.78 and its two-hundred day moving average price is $15.69. Marathon Digital Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 16.78 and a beta of 6.33.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released 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. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The firm had revenue of $238.50 million for the quarter, compared to the consensus estimate of $212.25 million. During the same quarter in the prior year, the company posted ($0.72) earnings per share. The business's revenue was up 64.0% on a year-over-year basis. On average, analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other news, Director Vicki Mealer-Burke sold 14,887 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $15.22, for a total value of $226,580.14. Following the completion of the sale, the director owned 58,103 shares in the company, valued at $884,327.66. This represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 34,732 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $16.24, for a total transaction of $564,047.68. Following the completion of the sale, the chief financial officer owned 318,428 shares of the company's stock, valued at approximately $5,171,270.72. This represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,598 shares of company stock worth $3,486,838 over the last quarter. Insiders own 0.80% of the company's stock.

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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