Vontobel Holding Ltd. Boosts Stock Holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Vontobel Holding Ltd. boosted its stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARAFree Report) by 49.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,203 shares of the business services provider’s stock after acquiring an additional 14,267 shares during the period. Vontobel Holding Ltd.’s holdings in Marathon Digital were worth $701,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC grew its stake in Marathon Digital by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 695 shares in the last quarter. Ranch Capital Advisors Inc. grew its stake in shares of Marathon Digital by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after buying an additional 780 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Marathon Digital by 4.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after buying an additional 881 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Marathon Digital by 2.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 70,974 shares of the business services provider’s stock worth $1,603,000 after buying an additional 1,430 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Marathon Digital by 2.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 66,561 shares of the business services provider’s stock worth $1,321,000 after buying an additional 1,845 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Marathon Digital news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,417 shares of company stock valued at $1,516,536 in the last ninety days. Insiders own 1.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MARA shares. Cantor Fitzgerald started coverage on shares of Marathon Digital in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Macquarie started coverage on shares of Marathon Digital in a report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price target for the company. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Marathon Digital in a research report on Thursday, October 10th. Finally, B. Riley lifted their price objective on shares of Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.79.

Read Our Latest Analysis on MARA

Marathon Digital Stock Up 4.8 %

MARA stock opened at $18.88 on Monday. The firm’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $18.34. The company has a market capitalization of $5.34 billion, a P/E ratio of 8.78 and a beta of 5.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. Marathon Digital Holdings, Inc. has a 12 month low of $7.63 and a 12 month high of $34.09.

Marathon Digital (NASDAQ:MARAGet Free Report) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.49). The business had revenue of $145.14 million during the quarter, compared to analysts’ expectations of $157.86 million. Marathon Digital had a net margin of 62.57% and a negative return on equity of 5.15%. The firm’s revenue was up 77.5% on a year-over-year basis. During the same period last year, the company earned ($0.13) earnings per share. As a group, equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.06 earnings per share for the current year.

Marathon Digital Profile

(Free Report)

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.

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

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