Marathon Digital Holdings, Inc. $MARA Stock Position Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 58.6% in the second quarter, HoldingsChannel reports. The firm owned 46,900 shares of the business services provider’s stock after selling 66,300 shares during the period. Handelsbanken Fonder AB’s holdings in Marathon Digital were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in Marathon Digital by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 991 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Marathon Digital by 65.3% in 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 in the last quarter. United Services Automobile Association grew its stake in shares of Marathon Digital by 8.2% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Marathon Digital by 11.0% in 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 purchasing an additional 63,903 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Marathon Digital during the second quarter valued at $183,000. Institutional investors own 44.53% of the company’s stock.

Marathon Digital Price Performance

NASDAQ:MARA opened at $11.15 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $12.10 and its 200 day moving average price is $10.99. Marathon Digital Holdings, Inc. has a 52-week low of $6.66 and a 52-week high of $23.45. The firm has a market cap of $4.31 billion, a P/E ratio of -1.22 and a beta of 5.40.

Marathon Digital (NASDAQ:MARA) last released its earnings results on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($1.77). Marathon Digital had a negative return on equity of 26.05% and a negative net margin of 429.71%.The business had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year. As a group, sell-side analysts predict that Marathon Digital Holdings, Inc. will post -1.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 16,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $9.21, for a total value of $147,360.00. Following the transaction, the chief financial officer owned 377,066 shares of the company’s stock, valued at approximately $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 7,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total value of $99,750.00. Following the completion of the transaction, the general counsel directly owned 963,768 shares in the company, valued at $13,733,694. This represents a 0.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 101,010 shares of company stock worth $1,232,377. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MARA shares. Morgan Stanley increased their target price on shares of Marathon Digital from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marathon Digital in a research note on Friday, August 7th. Piper Sandler decreased their price objective on shares of Marathon Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Cantor Fitzgerald lowered their price objective on shares of Marathon Digital from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, Citizens Jmp began coverage on 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. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.78.

Key Marathon Digital News

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

• Positive Sentiment: Bitcoin’s continued rally is supporting crypto-equity sentiment and is a direct potential benefit to Marathon’s Bitcoin-mining economics and digital-asset holdings. 5 Things to Know Before the Stock Market Opens on Thursday
• Neutral Sentiment: Investors are also evaluating Marathon’s plans to expand into artificial intelligence and power infrastructure. The initiatives could diversify revenue beyond Bitcoin mining, but execution, capital requirements and valuation remain important risks. MARA Holdings Stock Still Looks Expensive As AI Lease Plans Grow
• Negative Sentiment: Higher Treasury yields are returning as a market headwind. Rising rates can increase financing costs and reduce investor appetite for capital-intensive Bitcoin-mining, power and AI projects.
• Negative Sentiment: Marathon’s second-quarter results remain a major concern. Revenue declined 26.7% year over year to $174.88 million, missing the $209.44 million consensus estimate, while the company reported a $1.60-per-share loss versus expectations for a $0.17 profit. Analysts project a full-year loss of about $1.24 per share. MARA Holdings Earnings Miss Puts Its Valuation Narrative Back In Focus
• Negative Sentiment: CEO Frederick Thiel sold 27,505 shares and CFO Salman Hassan Khan sold 16,000 shares at approximately $9.21 per share. The transactions were made under pre-arranged Rule 10b5-1 plans, and both executives retained substantial holdings, limiting—but not eliminating—the potential sentiment impact. SEC Insider Transaction Filing

Marathon Digital Company 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.