Marathon Digital Holdings, Inc. $MARA Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 37.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,372 shares of the business services provider’s stock after buying an additional 3,348 shares during the quarter. GAMMA Investing LLC’s holdings in Marathon Digital were worth $194,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Rooted Wealth Advisors Inc. purchased a new position in Marathon Digital in the second quarter worth approximately $215,000. CX Institutional raised its holdings in shares of Marathon Digital by 12.6% in the 2nd quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 749 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Marathon Digital in the 2nd quarter valued at $225,000. Exchange Traded Concepts LLC lifted its position in shares of Marathon Digital by 7.7% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,173,211 shares of the business services provider’s stock worth $18,396,000 after purchasing an additional 83,649 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its stake in shares of Marathon Digital by 26.9% during the second quarter. Fiduciary Alliance LLC now owns 72,735 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 15,426 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Digital Trading Up 0.4%

Shares of MARA stock opened at $16.13 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $16.38 and a 200-day simple moving average of $15.27. Marathon Digital Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The stock has a market cap of $5.98 billion, a P/E ratio of 14.53 and a beta of 6.36.

Marathon Digital (NASDAQ:MARA) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $2.13. The firm 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%.Marathon Digital’s revenue was up 64.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) EPS. On average, analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of analyst reports. Macquarie raised their price target on Marathon Digital from $19.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Piper Sandler raised their target price on Marathon Digital from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lowered their price target on Marathon Digital from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Marathon Digital in a report on Wednesday, July 30th. Finally, Compass Point began coverage on shares of Marathon Digital in a report on Monday, September 15th. They issued a “neutral” rating and a $18.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.30.

Insider Buying and Selling

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $17.38, for a total transaction of $478,036.90. Following the transaction, the chief executive officer owned 3,755,789 shares of the company’s stock, valued at $65,275,612.82. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Vicki Mealer-Burke sold 14,887 shares of Marathon Digital stock in a transaction on Monday, September 8th. The shares were sold at an average price of $15.22, for a total value of $226,580.14. Following the completion of the sale, the director directly owned 58,103 shares of the company’s stock, valued at approximately $884,327.66. This represents a 20.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,598 shares of company stock worth $3,483,548. 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.