8,494 Shares in Marathon Digital Holdings, Inc. (NASDAQ:MARA) Bought by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARAFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,494 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently added to or reduced their stakes in MARA. Advisor Group Holdings Inc. boosted its position in Marathon Digital by 68.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 7,353 shares of the business services provider’s stock valued at $25,000 after buying an additional 2,984 shares during the last quarter. Macquarie Group Ltd. boosted its position in Marathon Digital by 96.8% in the 2nd quarter. Macquarie Group Ltd. now owns 5,369 shares of the business services provider’s stock valued at $29,000 after buying an additional 2,641 shares during the last quarter. Smith Anglin Financial LLC purchased a new position in Marathon Digital in the 4th quarter valued at about $34,000. Cetera Advisors LLC purchased a new position in Marathon Digital in the 4th quarter valued at about $36,000. Finally, Quantbot Technologies LP purchased a new position in Marathon Digital in the 1st quarter valued at about $37,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BTIG Research raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 17th. StockNews.com raised shares of Marathon Digital from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. Chardan Capital upped their price objective 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. Finally, HC Wainwright restated a “buy” rating and issued a $35.00 target price on shares of Marathon Digital in a research note on Tuesday, March 19th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.47.

View Our Latest Stock Report on MARA

Marathon Digital Stock Performance

Shares of Marathon Digital stock opened at $19.43 on Thursday. The firm has a market cap of $5.20 billion, a PE ratio of 23.13 and a beta of 5.36. The firm’s 50-day simple moving average is $22.24 and its 200-day simple moving average is $16.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 30.51 and a current ratio of 30.50. Marathon Digital Holdings, Inc. has a 1 year low of $7.16 and a 1 year high of $34.09.

Marathon Digital (NASDAQ:MARAGet Free Report) last issued its earnings results on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The company had revenue of $156.77 million during the quarter, compared to analyst estimates of $138.15 million. Marathon Digital had a net margin of 48.93% and a negative return on equity of 4.61%. Equities analysts forecast that Marathon Digital Holdings, Inc. will post 0.07 earnings per share for the current fiscal year.

About Marathon Digital

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marathon Digital (NASDAQ:MARA)

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