International Assets Investment Management LLC Buys New Stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

International Assets Investment Management LLC acquired a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 39,604 shares of the business services provider's stock, valued at approximately $930,000.

Several other institutional investors have also recently modified their holdings of MARA. Arizona State Retirement System grew its position in Marathon Digital by 22.2% during the 4th quarter. Arizona State Retirement System now owns 59,138 shares of the business services provider's stock worth $1,389,000 after acquiring an additional 10,743 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in Marathon Digital in the 4th quarter worth approximately $217,000. Global Retirement Partners LLC purchased a new stake in Marathon Digital in the 4th quarter worth approximately $200,000. Fiduciary Alliance LLC purchased a new stake in Marathon Digital in the 4th quarter worth approximately $345,000. Finally, SG Americas Securities LLC lifted its holdings in Marathon Digital by 203.9% in the 4th quarter. SG Americas Securities LLC now owns 266,176 shares of the business services provider's stock worth $6,252,000 after buying an additional 178,578 shares during the period. 44.53% of the stock is currently owned by institutional investors.

Marathon Digital Stock Down 1.8 %

Shares of Marathon Digital stock traded down $0.35 on Wednesday, reaching $19.09. The company's stock had a trading volume of 45,309,719 shares, compared to its average volume of 73,388,469. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 22.73 and a beta of 5.36. The firm's fifty day simple moving average is $21.27 and its two-hundred day simple moving average is $17.73. Marathon Digital Holdings, Inc. has a 52 week low of $7.16 and a 52 week high of $34.09. The company has a quick ratio of 30.51, a current ratio of 30.50 and a debt-to-equity ratio of 0.20.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). Marathon Digital had a negative return on equity of 4.61% and a net margin of 48.93%. The firm had revenue of $156.77 million during the quarter, compared to the consensus estimate of $138.15 million. Equities analysts anticipate that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

MARA has been the subject of a number of recent research reports. Chardan Capital lifted their price objective on Marathon Digital from $26.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their price objective on Marathon Digital from $16.00 to $16.50 and gave the company an "underweight" rating in a research note on Wednesday, April 10th. BTIG Research upgraded Marathon Digital from a "neutral" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 17th. StockNews.com upgraded Marathon Digital from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, HC Wainwright reissued a "buy" rating and issued a $35.00 target price on shares of Marathon Digital in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.11.

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.