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

International Assets Investment Management LLC acquired a new stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 39,604 shares of the business services provider's stock, valued at approximately $930,000.

Several other institutional investors also recently bought and sold shares of MARA. Vanguard Group Inc. increased its stake in Marathon Digital by 5.7% in 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 during the period. Barclays PLC boosted its position in shares of Marathon Digital by 159.2% during the 3rd quarter. Barclays PLC now owns 120,173 shares of the business services provider's stock worth $1,021,000 after purchasing an additional 323,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Marathon Digital by 29.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,295,391 shares of the business services provider's stock worth $30,429,000 after purchasing an additional 296,776 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Marathon Digital during the 3rd quarter worth $1,577,000. Finally, SG Americas Securities LLC boosted its position in shares of Marathon Digital by 203.9% during the 4th quarter. SG Americas Securities LLC now owns 266,176 shares of the business services provider's stock worth $6,252,000 after purchasing an additional 178,578 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Marathon Digital Price Performance

MARA stock traded down $0.20 during trading on Friday, hitting $19.45. The stock had a trading volume of 48,285,291 shares, compared to its average volume of 68,569,133. The company's 50 day moving average price is $18.85 and its two-hundred day moving average price is $18.86. Marathon Digital Holdings, Inc. has a 1-year low of $7.16 and a 1-year high of $34.09. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 9.05 and a beta of 5.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 23.07 and a current ratio of 23.07.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data 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). Marathon Digital had a net margin of 106.46% and a negative return on equity of 3.80%. The company had revenue of $156.77 million for the quarter, compared to analyst estimates of $138.15 million. On average, sell-side analysts forecast that Marathon Digital Holdings, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Marathon Digital in a research report on Friday, May 10th. B. Riley decreased their price objective on shares of Marathon Digital from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, May 10th. HC Wainwright decreased their price objective on shares of Marathon Digital from $35.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. boosted 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, April 10th. Finally, StockNews.com lowered shares of Marathon Digital from a "hold" rating to a "sell" rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marathon Digital presently has an average rating of "Hold" and an average target price of $19.69.

Marathon Digital Company 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.