83,800 Shares in Marathon Digital Holdings, Inc. $MARA Bought by GMT Capital Corp

GMT Capital Corp purchased a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the second quarter, Holdings Channel reports. The firm purchased 83,800 shares of the business services provider’s stock, valued at approximately $1,314,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Marathon Digital during the second quarter valued at about $59,255,000. American Century Companies Inc. raised its holdings in shares of Marathon Digital by 55.7% in the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider’s stock worth $72,334,000 after acquiring an additional 2,250,082 shares during the last quarter. Vanguard Group Inc. lifted its position in Marathon Digital by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider’s stock valued at $457,832,000 after acquiring an additional 1,028,512 shares in the last quarter. Nuveen LLC acquired a new position in Marathon Digital during the 1st quarter valued at about $11,514,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Marathon Digital by 144.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,003,747 shares of the business services provider’s stock worth $15,739,000 after purchasing an additional 592,493 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MARA. Macquarie increased their price objective on Marathon Digital from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price target on Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, November 24th. BTIG Research restated a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a research note on Friday, September 5th. Rosenblatt Securities cut their price objective on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Compass Point upgraded shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Marathon Digital Stock Down 2.7%

Shares of NASDAQ:MARA opened at $11.52 on Friday. Marathon Digital Holdings, Inc. has a 1 year low of $9.71 and a 1 year high of $25.58. The company has a market capitalization of $4.36 billion, a PE ratio of 6.40 and a beta of 5.42. The business has a fifty day moving average price of $15.61 and a two-hundred day moving average price of $16.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.09 and a quick ratio of 2.09.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). The company had revenue of $252.41 million during the quarter, compared to analysts’ expectations of $254.58 million. Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%. Analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $19.57, for a total value of $538,272.85. Following the transaction, the chief executive officer directly owned 3,718,700 shares in the company, valued at $72,774,959. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 34,732 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $11.99, for a total transaction of $416,436.68. Following the transaction, the chief financial officer directly owned 283,298 shares of the company’s stock, valued at $3,396,743.02. This represents a 10.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 218,711 shares of company stock worth $3,633,801 over the last three months. 0.80% of the stock is currently owned by insiders.

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.