Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 29.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,031 shares of the business services provider’s stock after purchasing an additional 2,946 shares during the quarter. Xponance Inc.’s holdings in Marathon Digital were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MARA. AE Wealth Management LLC grew its stake in Marathon Digital by 36.8% during the 3rd quarter. AE Wealth Management LLC now owns 54,037 shares of the business services provider’s stock valued at $459,000 after purchasing an additional 14,522 shares in the last quarter. IFP Advisors Inc grew its stake in Marathon Digital by 48.2% during the 3rd quarter. IFP Advisors Inc now owns 9,272 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 3,017 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Marathon Digital by 2.7% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 83,661 shares of the business services provider’s stock valued at $711,000 after purchasing an additional 2,181 shares in the last quarter. FinTrust Capital Advisors LLC grew its stake in Marathon Digital by 52.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 13,000 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Marathon Digital by 4.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 618,550 shares of the business services provider’s stock worth $5,258,000 after buying an additional 27,350 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Trading Up 2.2 %

Shares of NASDAQ MARA opened at $19.43 on Friday. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 23.13 and a beta of 5.36. Marathon Digital Holdings, Inc. has a 12-month low of $7.16 and a 12-month high of $34.09. The company has a current ratio of 30.50, a quick ratio of 30.51 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $20.96 and its 200 day simple moving average is $17.88.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.07). The company had revenue of $156.77 million during the quarter, compared to the consensus estimate of $138.15 million. Marathon Digital had a negative return on equity of 4.61% and a net margin of 48.93%. Equities research analysts expect that Marathon Digital Holdings, Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Marathon Digital from $16.00 to $16.50 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. Chardan Capital increased their target price on Marathon Digital from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. BTIG Research raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 17th. HC Wainwright reaffirmed a “buy” rating and set a $35.00 target price on shares of Marathon Digital in a report on Tuesday, March 19th. Finally, StockNews.com raised Marathon Digital from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Marathon Digital currently has a consensus rating of “Hold” and an average price target of $21.11.

About Marathon Digital

Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.