Vontobel Holding Ltd. Increases Stock Position in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Vontobel Holding Ltd. boosted its stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 49.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,203 shares of the business services provider’s stock after buying an additional 14,267 shares during the quarter. Vontobel Holding Ltd.’s holdings in Marathon Digital were worth $701,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MARA. Beaird Harris Wealth Management LLC boosted its stake in Marathon Digital by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of Marathon Digital during the first quarter worth about $90,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Marathon Digital during the first quarter worth about $105,000. Tobam raised its holdings in Marathon Digital by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 4,880 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Marathon Digital by 108.0% in the second quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 3,565 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Marathon Digital Stock Up 4.8 %

NASDAQ MARA opened at $18.88 on Monday. The business has a 50 day moving average price of $16.20 and a two-hundred day moving average price of $18.34. Marathon Digital Holdings, Inc. has a fifty-two week low of $7.63 and a fifty-two week high of $34.09. The stock has a market cap of $5.34 billion, a PE ratio of 8.78 and a beta of 5.50. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.13.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Thursday, August 1st. The business services provider reported ($0.72) earnings per share (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 analyst estimates of $157.86 million. During the same period in the previous year, the company earned ($0.13) earnings per share. The business’s revenue for the quarter was up 77.5% on a year-over-year basis. As a group, sell-side analysts predict that Marathon Digital Holdings, Inc. will post -1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on shares of Marathon Digital in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. B. Riley lifted their price objective on shares of Marathon Digital from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Macquarie started coverage on Marathon Digital in a report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut 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. Two 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, Marathon Digital currently has an average rating of “Hold” and an average price target of $19.79.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,417 shares of company stock valued at $1,516,536 in the last three months. Corporate insiders own 1.11% of the company’s stock.

Marathon Digital 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.