GAMMA Investing LLC Sells 3,820 Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA)

GAMMA Investing LLC decreased its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 29.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,024 shares of the business services provider’s stock after selling 3,820 shares during the quarter. GAMMA Investing LLC’s holdings in Marathon Digital were worth $104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Yousif Capital Management LLC grew its stake in shares of Marathon Digital by 3.5% in the first quarter. Yousif Capital Management LLC now owns 125,578 shares of the business services provider’s stock worth $1,444,000 after acquiring an additional 4,297 shares during the last quarter. Sara Bay Financial boosted its stake in shares of Marathon Digital by 2.1% in the 1st quarter. Sara Bay Financial now owns 125,205 shares of the business services provider’s stock valued at $1,561,000 after purchasing an additional 2,550 shares in the last quarter. Evexia Wealth LLC boosted its stake in shares of Marathon Digital by 16.7% in the 1st quarter. Evexia Wealth LLC now owns 15,908 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 2,282 shares in the last quarter. Thrive Wealth Management LLC acquired a new stake in shares of Marathon Digital in the 1st quarter valued at $348,000. Finally, Fiduciary Alliance LLC boosted its stake in shares of Marathon Digital by 142.4% in the 1st quarter. Fiduciary Alliance LLC now owns 57,309 shares of the business services provider’s stock valued at $659,000 after purchasing an additional 33,663 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler cut their price target on Marathon Digital from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, May 5th. HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of Marathon Digital in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Marathon Digital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, June 13th. Rosenblatt Securities upped their price target on Marathon Digital from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Finally, Barclays boosted their price objective on Marathon Digital from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.94.

Marathon Digital Trading Down 0.4%

Shares of Marathon Digital stock opened at $17.72 on Monday. 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 cap of $6.24 billion, a P/E ratio of -12.22 and a beta of 6.53. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $15.23 and its 200-day moving average is $15.38.

Marathon Digital (NASDAQ:MARA) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). Marathon Digital had a negative net margin of 46.68% and a positive return on equity of 6.33%. The business had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. During the same quarter last year, the company posted $1.26 EPS. The firm’s revenue was up 29.5% on a year-over-year basis. Equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.30, for a total transaction of $420,826.50. Following the sale, the chief executive officer directly owned 3,983,593 shares of the company’s stock, valued at approximately $60,948,972.90. This represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 34,733 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total value of $550,518.05. Following the completion of the transaction, the chief financial officer owned 1,413,298 shares in the company, valued at $22,400,773.30. The trade was a 2.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 198,853 shares of company stock valued at $3,054,629 over the last 90 days. 0.80% of the stock is owned by corporate insiders.

Marathon Digital 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.