Marathon Digital Holdings, Inc. $MARA Shares Purchased by Sara Bay Financial

Sara Bay Financial raised its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 131.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,730 shares of the business services provider’s stock after purchasing an additional 35,600 shares during the quarter. Sara Bay Financial’s holdings in Marathon Digital were worth $512,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MARA. Eurizon Capital SGR S.p.A. bought a new stake in Marathon Digital in the fourth quarter worth about $36,000. Hantz Financial Services Inc. lifted its holdings in Marathon Digital by 344.8% in the 4th quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 3,893 shares during the last quarter. Danske Bank A S boosted its position in shares of Marathon Digital by 93.3% during the 4th quarter. Danske Bank A S now owns 5,800 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 2,800 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Marathon Digital by 50.8% during the 4th quarter. Farther Finance Advisors LLC now owns 7,754 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Marathon Digital by 303.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,013 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 3,771 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Marathon Digital from $8.50 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 19th. Weiss Ratings cut shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, May 12th. 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. HC Wainwright reaffirmed a “neutral” rating on shares of Marathon Digital in a report on Friday, February 27th. Finally, Cantor Fitzgerald cut their price objective on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Marathon Digital currently has a consensus rating of “Hold” and a consensus price target of $18.38.

Marathon Digital News Roundup

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA and other Bitcoin miners were highlighted after flashing “golden crosses,” a bullish technical signal that may suggest improving momentum for the stock if crypto sentiment stabilizes. Bitcoin Has Been Cut In Half, But MARA And HIVE Just Flashed Golden Crosses
• Positive Sentiment: Broader market strength in chipmakers and AI infrastructure stocks may be helping risk appetite for high-beta names like Marathon Digital. Stocks Supported by Strength in Chipmakers and AI-Infrastructure Stocks
• Neutral Sentiment: Recent commentary compared MARA’s long-term Bitcoin-mining strategy with Strategy’s balance-sheet Bitcoin bet, reinforcing that MARA remains a leveraged way to play Bitcoin rather than a fundamentally defensive stock. If You Had Invested $1,000 in MARA or Strategy a Decade Ago
• Negative Sentiment: CEO Frederick G. Thiel sold 27,505 shares and General Counsel Zabi Nowaid sold 7,000 shares, adding to investor concern about insider selling at recent prices. Marathon Digital (NASDAQ:MARA) General Counsel Zabi Nowaid Sells 7,000 Shares
• Negative Sentiment: Analysts remain mixed overall, with a consensus rating of “Hold” and a recent price-target cut from Morgan Stanley, which may limit enthusiasm for the shares. Marathon Digital Holdings, Inc. (NASDAQ:MARA) Insider Trades

Insider Buying and Selling

In related news, General Counsel Zabi Nowaid sold 7,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total transaction of $99,750.00. Following the completion of the sale, the general counsel directly owned 963,768 shares in the company, valued at approximately $13,733,694. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $391,946.25. Following the sale, the chief executive officer directly owned 4,562,009 shares of the company’s stock, valued at approximately $65,008,628.25. The trade was a 0.60% 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 ninety days, insiders sold 187,855 shares of company stock worth $2,353,975. Corporate insiders own 0.97% of the company’s stock.

Marathon Digital Trading Down 1.0%

Shares of NASDAQ:MARA opened at $14.70 on Wednesday. The firm has a fifty day moving average of $12.93 and a two-hundred day moving average of $10.64. The firm has a market capitalization of $5.60 billion, a P/E ratio of -2.57 and a beta of 5.38. Marathon Digital Holdings, Inc. has a 12-month low of $6.66 and a 12-month high of $23.45. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.99.

Marathon Digital Profile

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.