GAM Holding AG Takes Position in Marathon Digital Holdings, Inc. $MARA

GAM Holding AG purchased a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the business services provider’s stock, valued at approximately $157,000.

A number of other institutional investors have also recently made changes to their positions in MARA. American Century Companies Inc. lifted its position in shares of Marathon Digital by 55.7% during the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider’s stock valued at $72,334,000 after buying an additional 2,250,082 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Marathon Digital during the 1st quarter valued at $14,810,000. Vanguard Group Inc. raised its stake in shares of Marathon Digital by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider’s stock valued at $457,832,000 after purchasing an additional 1,028,512 shares during the period. Nuveen LLC bought a new stake in shares of Marathon Digital during the 1st quarter valued at $11,514,000. Finally, Groupama Asset Managment bought a new stake in shares of Marathon Digital during the 1st quarter valued at $4,600,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Marathon Digital Price Performance

Shares of NASDAQ MARA opened at $18.27 on Friday. The firm has a market capitalization of $6.77 billion, a P/E ratio of 16.46 and a beta of 6.33. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $18.01 and its two-hundred day simple moving average is $16.51. Marathon Digital Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $2.13. The business had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The company’s quarterly revenue was up 64.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.72) EPS. As a group, equities analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BTIG Research reiterated a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a research note on Friday, September 5th. Guggenheim assumed coverage on Marathon Digital in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Macquarie boosted their price objective on Marathon Digital from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Compass Point initiated 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, Rosenblatt Securities upped their target price on Marathon Digital from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.20.

Insider Activity

In other news, Director Vicki Mealer-Burke sold 14,887 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $15.22, for a total transaction of $226,580.14. Following the transaction, the director directly owned 58,103 shares in the company, valued at approximately $884,327.66. This represents a 20.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $19.57, for a total value of $538,272.85. Following the transaction, the chief executive officer owned 3,718,700 shares in the company, valued at $72,774,959. This trade represents a 0.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 204,598 shares of company stock worth $3,616,374. 0.80% of the stock is currently 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.