Marathon Digital Holdings, Inc. $MARA Position Boosted by Sava Infond d.o.o.

Sava Infond d.o.o. grew its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 109.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the business services provider’s stock after buying an additional 6,000 shares during the quarter. Sava Infond d.o.o.’s holdings in Marathon Digital were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MARA. Fifth Third Bancorp lifted its holdings in shares of 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 buying an additional 683 shares during the last quarter. CX Institutional bought a new stake in shares of Marathon Digital in the first quarter valued at approximately $68,000. Archer Investment Corp boosted its position in shares of Marathon Digital by 6,800.0% in the first quarter. Archer Investment Corp now owns 6,900 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 6,800 shares during the period. NewEdge Advisors LLC boosted its position in shares of Marathon Digital by 65.3% in the first quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 3,032 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Marathon Digital in the first quarter valued at approximately $121,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Marathon Digital Price Performance

Shares of MARA stock opened at $18.82 on Friday. The stock’s fifty day moving average is $16.42 and its 200-day moving average is $15.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $6.97 billion, a PE ratio of 16.95 and a beta of 6.33. Marathon Digital Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.84 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 analysts’ expectations 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 revenue for the quarter was up 64.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.72) earnings per share. Equities research analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at Marathon Digital

In other news, CFO Salman Hassan Khan sold 34,732 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $16.24, for a total transaction of $564,047.68. Following the transaction, the chief financial officer owned 318,428 shares of the company’s stock, valued at $5,171,270.72. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vicki Mealer-Burke sold 14,887 shares of the company’s 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 transaction, the director directly owned 58,103 shares in the company, valued at $884,327.66. This trade represents a 20.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,598 shares of company stock worth $3,483,548. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MARA. JPMorgan Chase & Co. lowered their price objective on Marathon Digital from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Cantor Fitzgerald boosted their price objective on Marathon Digital from $34.00 to $39.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Piper Sandler boosted their price objective on Marathon Digital from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Marathon Digital in a research report on Wednesday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marathon Digital in a research report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.30.

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.