Matauro LLC Has $4.53 Million Stock Holdings in Marathon Digital Holdings, Inc. $MARA

Matauro LLC grew its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 289,166 shares of the business services provider’s stock after acquiring an additional 10,207 shares during the period. Marathon Digital makes up 0.9% of Matauro LLC’s portfolio, making the stock its 22nd biggest position. Matauro LLC’s holdings in Marathon Digital were worth $4,534,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MARA. Fifth Third Bancorp raised its stake in shares of Marathon Digital by 59.9% in 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 in the last quarter. CX Institutional bought a new stake in shares of Marathon Digital in the 1st quarter worth about $68,000. Archer Investment Corp grew its holdings in shares of Marathon Digital by 6,800.0% in the 1st quarter. Archer Investment Corp now owns 6,900 shares of the business services provider’s stock worth $79,000 after purchasing an additional 6,800 shares during the last quarter. NewEdge Advisors LLC grew 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 worth $88,000 after purchasing an additional 3,032 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Marathon Digital in the 1st quarter worth about $121,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Marathon Digital in a report on Friday, September 5th. Cantor Fitzgerald upped their target price on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. 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. Piper Sandler upped their target price on shares of Marathon Digital from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Finally, Macquarie upped their target price on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Marathon Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.30.

Marathon Digital Stock Up 1.0%

Shares of NASDAQ:MARA opened at $18.79 on Friday. The firm has a market cap of $6.96 billion, a P/E ratio of 16.93 and a beta of 6.33. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $15.39.

Marathon Digital (NASDAQ:MARA) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $2.13. The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The company’s revenue for the quarter was up 64.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.72) EPS. As a group, research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 34,732 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $16.24, for a total value of $564,047.68. Following the transaction, the chief financial officer owned 318,428 shares of the company’s stock, valued at approximately $5,171,270.72. This trade represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $15.28, for a total transaction of $420,276.40. Following the completion of the transaction, the chief executive officer directly owned 3,810,799 shares in the company, valued at $58,229,008.72. This trade represents a 0.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,598 shares of company stock valued at $3,483,548. 0.80% of the stock is currently owned by insiders.

Marathon Digital Company 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.