Foundations Investment Advisors LLC Has $1.13 Million Stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Foundations Investment Advisors LLC raised its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,423 shares of the business services provider’s stock after purchasing an additional 3,821 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Marathon Digital were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Marathon Digital by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after purchasing an additional 439,309 shares during the period. Everence Capital Management Inc. bought a new position in shares of Marathon Digital in the 3rd quarter valued at about $640,000. Thrivent Financial for Lutherans bought a new position in shares of Marathon Digital in the 2nd quarter valued at about $4,498,000. Public Sector Pension Investment Board bought a new position in shares of Marathon Digital in the 2nd quarter valued at about $11,920,000. Finally, Second Line Capital LLC bought a new position in shares of Marathon Digital in the 2nd quarter valued at about $4,060,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of Marathon Digital 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 completion of the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Frederick G. Thiel sold 27,512 shares of Marathon Digital stock in a transaction that occurred on 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 in the company, valued at approximately $67,169,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’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 transaction of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares of the company’s stock, 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. Over the last ninety days, insiders sold 91,417 shares of company stock worth $1,516,536. Corporate insiders own 1.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. B. Riley raised their price objective on Marathon Digital from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Cantor Fitzgerald assumed coverage on Marathon Digital in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Macquarie initiated coverage on Marathon Digital in a report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Marathon Digital currently has a consensus rating of “Hold” and an average price target of $19.79.

Marathon Digital Trading Down 4.7 %

Shares of NASDAQ:MARA opened at $18.07 on Thursday. Marathon Digital Holdings, Inc. has a 12-month low of $8.39 and a 12-month high of $34.09. The stock has a market cap of $5.11 billion, a PE ratio of 8.40 and a beta of 5.50. The business has a 50 day moving average of $16.40 and a 200-day moving average of $18.34. 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 issued its quarterly earnings data 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 negative return on equity of 5.15% and a net margin of 62.57%. The firm had revenue of $145.14 million for the quarter, compared to the consensus estimate of $157.86 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The company’s revenue was up 77.5% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.06 earnings per share for the current year.

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.