Global Retirement Partners LLC Invests $465,000 in Marathon Digital Holdings, Inc. $MARA

Global Retirement Partners LLC purchased a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 29,649 shares of the business services provider’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in Marathon Digital by 59.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 683 shares during the period. IFP Advisors Inc grew its position in shares of Marathon Digital by 375.4% in the second quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 2,001 shares in the last quarter. Allworth Financial LP raised its stake in shares of Marathon Digital by 555.0% during the 2nd quarter. Allworth Financial LP now owns 5,417 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 4,590 shares during the period. CX Institutional lifted its holdings in Marathon Digital by 12.6% during the 2nd quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock worth $105,000 after purchasing an additional 749 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in Marathon Digital by 10.9% during the 2nd quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock worth $120,000 after purchasing an additional 750 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Marathon Digital Stock Up 6.5%

Shares of NASDAQ:MARA opened at $11.83 on Friday. Marathon Digital Holdings, Inc. has a 52-week low of $9.71 and a 52-week high of $30.28. The firm has a fifty day moving average of $16.80 and a 200 day moving average of $16.44. The firm has a market capitalization of $4.47 billion, a PE ratio of 10.66 and a beta of 6.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The firm had revenue of $252.41 million for the quarter, compared to analysts’ expectations of $254.58 million. As a group, research analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at Marathon Digital

In other Marathon Digital news, Director Vicki Mealer-Burke sold 14,887 shares of Marathon Digital stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $15.22, for a total transaction of $226,580.14. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Zabi Nowaid sold 25,113 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.87, for a total transaction of $398,543.31. Following the completion of the sale, the general counsel owned 723,136 shares of the company’s stock, valued at approximately $11,476,168.32. The trade was a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 234,598 shares of company stock worth $3,876,481. 0.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MARA. Rosenblatt Securities decreased their price target on Marathon Digital from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. decreased their target price on shares of Marathon Digital from $20.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Compass Point raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, November 24th. Macquarie boosted their price target on shares of Marathon Digital from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Guggenheim began coverage on Marathon Digital in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

About Marathon Digital

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.