Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Bought by Equitec Proprietary Markets LLC

Equitec Proprietary Markets LLC boosted its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 526.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,800 shares of the business services provider's stock after purchasing an additional 84,700 shares during the quarter. Marathon Digital comprises approximately 1.8% of Equitec Proprietary Markets LLC's holdings, making the stock its 11th largest holding. Equitec Proprietary Markets LLC's holdings in Marathon Digital were worth $2,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of MARA. Morgan Stanley lifted its stake in Marathon Digital by 208.7% in the 3rd quarter. Morgan Stanley now owns 6,999,580 shares of the business services provider's stock worth $59,496,000 after purchasing an additional 4,731,807 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Marathon Digital by 297.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,636,538 shares of the business services provider's stock valued at $8,739,000 after buying an additional 1,224,300 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Marathon Digital during the 4th quarter valued at about $4,033,000. Vanguard Group Inc. raised its position in shares of Marathon Digital by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,523,195 shares of the business services provider's stock valued at $157,447,000 after buying an additional 1,000,225 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Marathon Digital during the 4th quarter valued at about $2,852,000. Hedge funds and other institutional investors own 44.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MARA. HC Wainwright restated a "buy" rating and set a $35.00 target price on shares of Marathon Digital in a research report on Tuesday, March 19th. Chardan Capital upped their target price on shares of Marathon Digital from $26.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, March 4th. StockNews.com raised shares of Marathon Digital from a "sell" rating to a "hold" rating in a research report on Friday, March 8th. BTIG Research raised shares of Marathon Digital from a "neutral" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Marathon Digital from $16.00 to $16.50 and gave the stock an "underweight" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.11.

Marathon Digital Trading Down 8.5 %

Shares of NASDAQ:MARA traded down $1.49 during trading on Friday, reaching $16.11. 39,158,474 shares of the company were exchanged, compared to its average volume of 46,107,396. The firm has a market capitalization of $4.31 billion, a PE ratio of 19.18 and a beta of 5.36. The business's fifty day simple moving average is $22.21 and its 200-day simple moving average is $17.25. Marathon Digital Holdings, Inc. has a 12-month low of $7.16 and a 12-month high of $34.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 30.50 and a quick ratio of 30.51.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its earnings results on Wednesday, February 28th. The business services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.07). The company had revenue of $156.77 million for the quarter, compared to analysts' expectations of $138.15 million. Marathon Digital had a negative return on equity of 4.61% and a net margin of 48.93%. On average, research analysts anticipate that Marathon Digital Holdings, Inc. will post 0.02 EPS for the current year.

Marathon Digital Profile

Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.