Sara Bay Financial Trims Stock Position in Marathon Digital Holdings, Inc. $MARA

Sara Bay Financial cut its holdings in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 79.8% in the fourth quarter, HoldingsChannel reports. The firm owned 27,130 shares of the business services provider’s stock after selling 107,242 shares during the period. Sara Bay Financial’s holdings in Marathon Digital were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its position in Marathon Digital by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after purchasing an additional 991 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Marathon Digital by 65.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after buying an additional 3,032 shares during the period. United Services Automobile Association lifted its holdings in shares of Marathon Digital by 8.2% in the 1st quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock valued at $257,000 after buying an additional 1,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Marathon Digital by 11.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after buying an additional 63,903 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Marathon Digital in the second quarter worth about $183,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MARA. Weiss Ratings cut Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Morgan Stanley initiated coverage on Marathon Digital in a research report on Monday, February 9th. They issued an “underweight” rating and a $8.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Marathon Digital from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Cantor Fitzgerald cut their target price on shares of Marathon Digital from $21.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, HC Wainwright reiterated a “neutral” rating on shares of Marathon Digital in a research note on Friday, February 27th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Marathon Digital has an average rating of “Hold” and a consensus price target of $20.00.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total value of $146,880.00. Following the completion of the sale, the chief financial officer owned 343,165 shares of the company’s stock, valued at approximately $3,150,254.70. The trade was a 4.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $9.18, for a total transaction of $252,495.90. Following the transaction, the chief executive officer owned 4,788,954 shares of the company’s stock, valued at $43,962,597.72. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 114,515 shares of company stock worth $1,029,678 in the last quarter. Insiders own 0.80% of the company’s stock.

More Marathon Digital News

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: Sold ~15,133 BTC for about $1.10B and used roughly $1.00B of proceeds to repurchase zero‑interest convertible senior notes (2030/2031) at ~9% discount, cutting outstanding convertible debt by ~30%, lowering future dilution and improving financial flexibility. Will MARA’s Bitcoin-Funded Debt Buyback Shift Its Story Beyond Pure Crypto Mining?
• Positive Sentiment: Company formally pivoting toward AI/HPC and digital‑energy infrastructure — messaging and the $1.1B BTC sale framed as funding for that transition have driven a short‑term rally and heavy call‑option buying, signaling bullish investor interest in the new direction. MARA Moves Beyond Bitcoin With $1.1 Billion Sale
• Positive Sentiment: Analyst coverage remains constructive (about 60% “Buy” ratings and meaningful upside cited), supporting momentum if the strategic pivot convinces the market. Analysts Bullish on MARA Holdings (MARA) Amid Debt-Reduction Efforts
• Neutral Sentiment: Sale materially reduced MARA’s bitcoin treasury (allowing rival Metaplanet to surpass MARA as a top corporate BTC holder) — this lowers crypto‑beta and upside from BTC appreciation but also reduces balance‑sheet volatility. MARA’s $1.1 Billion Bitcoin Sell-Off Hands Metaplanet the Number 3 Spot
• Negative Sentiment: Announced workforce reduction of ~15% as it shifts away from mining — cost reduction helps near‑term cash flow but raises execution risk for the new AI/HPC strategy and may slow mining operations. Popular miner lays off 15% of staff days after selling $1.1 billion in Bitcoin
• Negative Sentiment: Recent quarterly results showed a large loss and an EPS miss (wide negative margins and revenue below estimates), underscoring that the company currently generates unstable mining revenues while executing a capital‑intensive pivot. Trouble at MARA? 15% Mining Giant Forced To Cut Staff, Dump BTC amid $1.3B Loss

Marathon Digital Price Performance

NASDAQ:MARA opened at $8.71 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. Marathon Digital Holdings, Inc. has a 52 week low of $6.66 and a 52 week high of $23.45. The stock’s 50-day moving average price is $8.55 and its 200-day moving average price is $12.26. The stock has a market capitalization of $3.31 billion, a PE ratio of -2.20 and a beta of 5.29.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($4.29). Marathon Digital had a negative return on equity of 19.01% and a negative net margin of 144.58%.The business had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. During the same period in the previous year, the company posted $1.24 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Marathon Digital Company Profile

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.