Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC boosted its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 19,766 shares of the business services provider’s stock after purchasing an additional 1,394 shares during the period. Impact Partnership Wealth LLC’s holdings in Marathon Digital were worth $321,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Marathon Digital by 91.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,624 shares of the business services provider’s stock worth $1,188,000 after acquiring an additional 25,205 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Marathon Digital in the first quarter worth $624,000. Diversified Trust Co grew its stake in shares of Marathon Digital by 27.4% in the first quarter. Diversified Trust Co now owns 38,355 shares of the business services provider’s stock worth $866,000 after acquiring an additional 8,255 shares in the last quarter. United Capital Management of KS Inc. grew its stake in shares of Marathon Digital by 49.9% in the first quarter. United Capital Management of KS Inc. now owns 19,088 shares of the business services provider’s stock worth $431,000 after acquiring an additional 6,350 shares in the last quarter. Finally, Wealthstar Advisors LLC acquired a new position in shares of Marathon Digital in the first quarter worth $248,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MARA. Cantor Fitzgerald began coverage on shares of Marathon Digital in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. HC Wainwright reiterated a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a research note on Thursday, October 10th. B. Riley boosted their target price on shares of Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lowered their target price on shares of Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Finally, Macquarie began coverage on shares of Marathon Digital in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Marathon Digital presently has a consensus rating of “Hold” and a consensus target price of $19.79.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at $74,389,070. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,417 shares of company stock valued at $1,516,536. Insiders own 1.11% of the company’s stock.

Marathon Digital Price Performance

Shares of MARA opened at $18.22 on Friday. Marathon Digital Holdings, Inc. has a 1-year low of $8.39 and a 1-year high of $34.09. The stock has a market cap of $5.15 billion, a PE ratio of 8.47 and a beta of 5.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a fifty day moving average price of $16.46 and a 200 day moving average price of $18.34.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Thursday, August 1st. The business services provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.49). Marathon Digital had a net margin of 62.57% and a negative return on equity of 5.15%. The business had revenue of $145.14 million during the quarter, compared to analysts’ expectations of $157.86 million. During the same period in the previous year, the company posted ($0.13) earnings per share. Marathon Digital’s quarterly revenue was up 77.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Marathon Digital Holdings, Inc. will post -1.06 EPS for the current year.

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.