Sava Infond d.o.o. Has $180,000 Stake in Marathon Digital Holdings, Inc. $MARA

Sava Infond d.o.o. raised its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 109.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,500 shares of the business services provider’s stock after buying an additional 6,000 shares during the quarter. Sava Infond d.o.o.’s holdings in Marathon Digital were worth $180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Marathon Digital by 59.9% in the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock valued at $29,000 after buying an additional 683 shares during the period. CX Institutional acquired a new position in Marathon Digital in the first quarter valued at about $68,000. Archer Investment Corp raised its position in shares of Marathon Digital by 6,800.0% during the first quarter. Archer Investment Corp now owns 6,900 shares of the business services provider’s stock worth $79,000 after purchasing an additional 6,800 shares during the period. NewEdge Advisors LLC raised its position in shares of 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. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Marathon Digital during the first quarter worth about $121,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Stock Up 0.2%

MARA stock opened at $18.82 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $16.42 and a two-hundred day moving average price of $15.44. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 16.95 and a beta of 6.33. Marathon Digital Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28.

Marathon Digital (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $2.13. The firm had revenue of $238.50 million during the quarter, compared to the consensus estimate of $212.25 million. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The business’s revenue was up 64.0% compared to the same quarter last year. During the same period last year, the company earned ($0.72) earnings per share. Analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at Marathon Digital

In other news, Director Vicki Mealer-Burke sold 14,887 shares of Marathon Digital stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $15.22, for a total transaction of $226,580.14. Following the completion of the transaction, the director directly owned 58,103 shares in the company, valued at approximately $884,327.66. The trade was a 20.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $15.28, for a total value of $420,276.40. Following the transaction, the chief executive officer owned 3,810,799 shares of the company’s stock, valued at $58,229,008.72. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,598 shares of company stock worth $3,483,548 over the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of research analyst reports. Piper Sandler raised their price target on Marathon Digital from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Marathon Digital in a research report on Wednesday, July 30th. Macquarie lifted their target price on Marathon Digital from $19.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their target price on Marathon Digital from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Digital in a research report on Saturday, September 27th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.30.

Marathon Digital Company 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.