International Assets Investment Management LLC Invests $930,000 in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

International Assets Investment Management LLC bought a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 39,604 shares of the business services provider’s stock, valued at approximately $930,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Marathon Digital by 752.3% during the 4th quarter. Versant Capital Management Inc now owns 1,662 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,467 shares during the period. IFP Advisors Inc increased its stake in Marathon Digital by 48.2% during the third quarter. IFP Advisors Inc now owns 9,272 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 3,017 shares during the period. Xponance Inc. acquired a new position in Marathon Digital in the 3rd quarter valued at approximately $86,000. FinTrust Capital Advisors LLC lifted its position in shares of Marathon Digital by 52.9% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 13,000 shares of the business services provider’s stock worth $110,000 after acquiring an additional 4,500 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in shares of Marathon Digital by 16.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,888 shares of the business services provider’s stock worth $110,000 after purchasing an additional 1,858 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Price Performance

Shares of Marathon Digital stock opened at $19.44 on Wednesday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 23.14 and a beta of 5.37. The firm’s 50-day moving average price is $21.47 and its two-hundred day moving average price is $17.72. The company has a current ratio of 30.50, a quick ratio of 30.51 and a debt-to-equity ratio of 0.20. Marathon Digital Holdings, Inc. has a 1-year low of $7.16 and a 1-year high of $34.09.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results 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 negative return on equity of 4.61% and a net margin of 48.93%. The business had revenue of $156.77 million for the quarter, compared to the consensus estimate of $138.15 million. On average, equities analysts predict that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

MARA has been the subject of several research reports. Chardan Capital raised their target price on Marathon Digital from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. HC Wainwright reaffirmed a “buy” rating and set a $35.00 price objective on shares of Marathon Digital in a report on Tuesday, March 19th. BTIG Research raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 17th. StockNews.com upgraded shares of Marathon Digital from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Marathon Digital presently has an average rating of “Hold” and a consensus target price 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.