Delta Global Management LP Acquires Shares of 620,562 Marathon Digital Holdings, Inc. $MARA

Delta Global Management LP bought a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the first quarter, HoldingsChannel reports. The institutional investor bought 620,562 shares of the business services provider’s stock, valued at approximately $5,064,000.

Other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its position in shares of Marathon Digital by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after purchasing an additional 991 shares during the period. NewEdge Advisors LLC lifted its position in Marathon Digital by 65.3% during the first 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 period. United Services Automobile Association lifted its position in Marathon Digital by 8.2% during the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after purchasing an additional 1,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Marathon Digital by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after buying an additional 63,903 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Marathon Digital during the second quarter worth about $183,000. 44.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MARA. Citizens Jmp started coverage on shares of Marathon Digital in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 target price for the company. Piper Sandler reduced their price target on shares of Marathon Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. BTIG Research reiterated a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research report on Monday, June 1st. Weiss Ratings cut shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities boosted their price objective on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

More Marathon Digital News

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

• Positive Sentiment: The stock recently outperformed the broader market, closing up in the prior session, which suggests the name has had strong short-term momentum despite today’s reversal. Marathon Digital Holdings, Inc. (MARA) Increases Despite Market Slip: Here’s What You Need to Know
• Positive Sentiment: One analyst raised its price target on MARA, signaling that some on Wall Street still see upside tied to high-performance computing contracts and the company’s longer-term growth story. MARA Holdings (MARA) Stock Sees Split Analyst Revisions As Fair Value Edges Lower
• Neutral Sentiment: The company remains in focus after disclosure of a large Bitcoin sale and ahead of its upcoming earnings update, keeping attention on whether earnings and margin trends can offset revenue pressure. MARA Holdings (MARA) Following Bitcoin Sales And Earnings Focus As Fair Value Debate Builds
• Neutral Sentiment: Reported short-interest data was effectively flat/zero, so it does not appear to be a meaningful new catalyst for the stock right now.
• Negative Sentiment: Multiple analysts cut their targets, suggesting rising caution around execution risk, valuation, and the pace of crypto/AI-related demand. MARA Holdings (MARA) Stock Sees Split Analyst Revisions As Fair Value Edges Lower
• Negative Sentiment: The latest market report highlighted that MARA fell while the broader market rose, reinforcing concerns that traders are rotating away from the stock despite recent volatility. Marathon Digital Holdings, Inc. (MARA) Stock Falls Amid Market Uptick: What Investors Need to Know

Marathon Digital Stock Performance

Shares of MARA stock opened at $12.12 on Friday. The business’s 50-day moving average price is $13.30 and its 200-day moving average price is $10.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.99. Marathon Digital Holdings, Inc. has a 12 month low of $6.66 and a 12 month high of $23.45. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -2.12 and a beta of 5.36.

Insider Buying and Selling at Marathon Digital

In other news, General Counsel Zabi Nowaid sold 8,250 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $12.00, for a total transaction of $99,000.00. Following the completion of the transaction, the general counsel owned 970,768 shares of the company’s stock, valued at approximately $11,649,216. This trade represents a 0.84% decrease in their ownership of the stock. The transaction 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, Director Douglas K. Mellinger sold 7,000 shares of Marathon Digital stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $16.00, for a total transaction of $112,000.00. Following the transaction, the director owned 231,618 shares in the company, valued at approximately $3,705,888. This trade represents a 2.93% 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. Insiders sold a total of 109,260 shares of company stock worth $1,452,756 over the last ninety days. Insiders own 0.97% of the company’s stock.

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.