Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 1,521.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,823 shares of the business services provider’s stock after acquiring an additional 12,032 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Marathon Digital were worth $147,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MARA. US Bancorp DE grew its position in Marathon Digital by 73.3% in the fourth quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 1,505 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Marathon Digital by 589.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 3,387 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Marathon Digital by 55.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,845 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 5,625 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Marathon Digital by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after acquiring an additional 372,094 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Marathon Digital by 16.5% in the fourth quarter. Victory Capital Management Inc. now owns 67,654 shares of the business services provider’s stock valued at $1,135,000 after acquiring an additional 9,562 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling

In other Marathon Digital news, CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the sale, the chief executive officer directly owned 4,146,804 shares of the company’s stock, valued at $62,202,060. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the sale, the director directly owned 176,859 shares in the company, valued at $2,829,744. This represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,853 shares of company stock worth $3,054,629 over the last ninety days. 0.80% of the stock is owned by insiders.

Marathon Digital Stock Performance

Shares of MARA opened at $17.72 on Monday. The business’s fifty day moving average price is $15.23 and its 200 day moving average price is $15.38. 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 capitalization of $6.24 billion, a PE ratio of -12.22 and a beta of 6.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.79 and a quick ratio of 0.79.

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

Analysts Set New Price Targets

Several analysts have issued reports on MARA shares. Piper Sandler lowered their price objective on shares of Marathon Digital from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Marathon Digital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, June 13th. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of Marathon Digital in a research report on Thursday, April 24th. Rosenblatt Securities raised their price target on shares of Marathon Digital from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Finally, Compass Point reissued a “sell” rating and set a $9.50 price target (down previously from $25.00) on shares of Marathon Digital in a research report on Tuesday, May 6th. One 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 stock currently has an average rating of “Hold” and an average target price of $20.94.

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.