Pictet Asset Management Holding SA reduced its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA – Free Report) by 51.3% during the 1st quarter, HoldingsChannel reports. The firm owned 62,217 shares of the business services provider’s stock after selling 65,502 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Marathon Digital were worth $508,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in MARA. Integrated Wealth Concepts LLC lifted its position in shares of 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 last quarter. Evexia Wealth LLC increased its position in Marathon Digital by 9.2% in the 1st quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider’s stock worth $106,000 after buying an additional 1,090 shares during the period. Sigma Planning Corp increased its position in Marathon Digital by 12.4% in the 4th quarter. Sigma Planning Corp now owns 11,924 shares of the business services provider’s stock worth $107,000 after buying an additional 1,320 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Marathon Digital by 38.6% during the second quarter. Osaic Holdings Inc. now owns 4,816 shares of the business services provider’s stock worth $76,000 after buying an additional 1,340 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of Marathon Digital by 8.2% during the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after buying an additional 1,569 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.
Marathon Digital Price Performance
Shares of MARA stock opened at $12.60 on Friday. Marathon Digital Holdings, Inc. has a 12 month low of $6.66 and a 12 month high of $23.45. The company has a market capitalization of $4.80 billion, a P/E ratio of -2.20 and a beta of 5.36. The stock has a 50 day moving average of $13.45 and a two-hundred day moving average of $10.82. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.99.
More Marathon Digital News
- Positive Sentiment: MARA signed a definitive agreement to acquire a 1,200-acre powered land site in Matagorda County, Texas, with access to roughly 2 GW of power capacity. Investors are viewing the deal as a meaningful step toward a larger AI and high-performance computing platform, which could broaden the company’s growth story. MARA Signs Agreement with HIF to Acquire Strategic Powered Land Site in Texas
- Positive Sentiment: Several reports noted the stock was climbing on renewed enthusiasm for MARA’s pivot into AI infrastructure and data centers, with traders betting the higher-margin business mix could improve long-term earnings power versus pure Bitcoin mining. Why Mara Holdings Stock Spiked Today
- Neutral Sentiment: Analysts remain split on valuation: one report raised MARA’s fair value estimate, but published targets still range widely, reflecting uncertainty about execution, the timing of the AI shift, and how much upside the new assets ultimately create. MARA Holdings (MARA) Stock Fair Value Edges Higher As Analysts Weigh HPC Shift
- Neutral Sentiment: Short-interest data showed no shares reported outstanding, so it does not appear to be a meaningful driver of the stock’s move right now. Why MARA Stock Is Climbing: 1,200-Acre Texas Site Deal Adds Up to 2 GW Power
- Negative Sentiment: One analyst note still carried a low price target, underscoring ongoing concerns about valuation and execution risk even as the company expands into AI-related infrastructure. Marathon Digital (NASDAQ:MARA) Given New $5.50 Price Target at Morgan Stanley
Insider Transactions at Marathon Digital
In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total transaction of $391,946.25. Following the sale, the chief executive officer owned 4,562,009 shares in the company, valued at $65,008,628.25. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $12.00, for a total transaction of $192,000.00. Following the completion of the sale, the chief financial officer directly owned 425,066 shares in the company, valued at $5,100,792. This trade represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 194,855 shares of company stock valued at $2,465,975. Company insiders own 0.97% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on MARA. Citizens Jmp started coverage on shares of Marathon Digital in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price objective on the stock. Rosenblatt Securities upped their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Cantor Fitzgerald reduced their price target on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. BTIG Research restated a “buy” rating and issued a $27.00 price target on shares of Marathon Digital in a research report on Monday, June 1st. Finally, Weiss Ratings downgraded shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.83.
Read Our Latest Stock Analysis on MARA
About Marathon Digital
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.
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