Marathon Digital Holdings, Inc. $MARA Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. raised its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,360 shares of the business services provider’s stock after acquiring an additional 1,482 shares during the quarter. Phoenix Financial Ltd.’s holdings in Marathon Digital were worth $256,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Marathon Digital by 55.7% during the first quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider’s stock worth $72,334,000 after buying an additional 2,250,082 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Marathon Digital during the first quarter worth approximately $14,810,000. Vanguard Group Inc. grew its position in shares of Marathon Digital by 2.7% during the first quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider’s stock worth $457,832,000 after buying an additional 1,028,512 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Marathon Digital during the first quarter worth approximately $11,514,000. Finally, Groupama Asset Managment acquired a new stake in shares of Marathon Digital during the first quarter worth approximately $4,600,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Stock Performance

Shares of MARA opened at $19.15 on Thursday. The business’s fifty day moving average price is $17.56 and its 200 day moving average price is $16.13. Marathon Digital Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28. The stock has a market capitalization of $7.09 billion, a PE ratio of 17.25 and a beta of 6.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $2.13. The firm had revenue of $238.50 million for the quarter, compared to analysts’ expectations of $212.25 million. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The firm’s revenue for the quarter was up 64.0% on a year-over-year basis. During the same period last year, the business posted ($0.72) earnings per share. Equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MARA. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Digital in a research report on Wednesday, October 8th. Rosenblatt Securities raised their price target on shares of Marathon Digital from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. decreased their price target on shares of Marathon Digital from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Compass Point started coverage on Marathon Digital in a research note on Monday, September 15th. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, BTIG Research restated a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a research note on Friday, September 5th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.20.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $19.57, for a total value of $538,272.85. Following the sale, the chief executive officer directly owned 3,718,700 shares in the company, valued at approximately $72,774,959. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 34,732 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $22.74, for a total value of $789,805.68. Following the completion of the sale, the chief financial officer owned 318,030 shares in the company, valued at $7,232,002.20. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,598 shares of company stock worth $3,616,374. 0.80% of the stock is 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.