Marathon Digital Holdings, Inc. $MARA Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 160,717 shares of the business services provider’s stock after acquiring an additional 20,413 shares during the period. Intech Investment Management LLC’s holdings in Marathon Digital were worth $1,848,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Marathon Digital by 307.7% during the first quarter. Janney Montgomery Scott LLC now owns 63,371 shares of the business services provider’s stock worth $729,000 after purchasing an additional 47,826 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Marathon Digital by 1,521.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,823 shares of the business services provider’s stock worth $147,000 after purchasing an additional 12,032 shares in the last quarter. Caxton Associates LLP acquired a new position in Marathon Digital during the first quarter worth $1,530,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Marathon Digital by 11.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,848,036 shares of the business services provider’s stock worth $21,255,000 after purchasing an additional 186,904 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Marathon Digital by 161.8% during the first quarter. Federation des caisses Desjardins du Quebec now owns 95,667 shares of the business services provider’s stock worth $1,100,000 after purchasing an additional 59,130 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marathon Digital news, Director Vicki Mealer-Burke sold 14,887 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $15.22, for a total transaction of $226,580.14. Following the transaction, the director owned 58,103 shares of the company’s stock, valued at approximately $884,327.66. This trade represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 34,732 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $15.73, for a total value of $546,334.36. Following the transaction, the chief financial officer directly owned 353,160 shares in the company, valued at approximately $5,555,206.80. The trade was a 8.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,361 shares of company stock valued at $2,441,463. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Marathon Digital in a research note on Wednesday, July 30th. Macquarie upped their price target on Marathon Digital from $19.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Piper Sandler upped their price target on Marathon Digital from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upgraded Marathon Digital from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $22.00 in a research note on Monday, July 28th. Finally, Cantor Fitzgerald upped their price objective on Marathon Digital from $34.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Digital currently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Marathon Digital Stock Performance

NASDAQ:MARA opened at $17.53 on Wednesday. The business’s fifty day moving average price is $16.64 and its 200 day moving average price is $15.07. The firm has a market capitalization of $6.49 billion, a PE ratio of 15.79 and a beta of 6.35. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $2.13. The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The business’s quarterly revenue was up 64.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.72) earnings per share. On average, sell-side analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.