Sepio Capital LP Buys New Shares in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Sepio Capital LP bought a new position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,500 shares of the business services provider’s stock, valued at approximately $223,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Marathon Digital by 5.7% during the third quarter. Vanguard Group Inc. now owns 18,523,195 shares of the business services provider’s stock worth $157,447,000 after buying an additional 1,000,225 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Marathon Digital by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,823,739 shares of the business services provider’s stock valued at $42,840,000 after purchasing an additional 410,146 shares during the last quarter. Barclays PLC raised its holdings in shares of Marathon Digital by 159.2% in the 3rd quarter. Barclays PLC now owns 120,173 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 323,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Marathon Digital by 29.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,295,391 shares of the business services provider’s stock worth $30,429,000 after purchasing an additional 296,776 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Marathon Digital during the third quarter worth $1,577,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of analyst reports. Chardan Capital cut their price target on Marathon Digital from $30.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Marathon Digital in a research report on Friday, May 10th. HC Wainwright lowered their price target on Marathon Digital from $35.00 to $27.00 and set a “buy” rating for the company in a report on Friday, May 10th. JPMorgan Chase & Co. increased their price target on shares of Marathon Digital from $16.00 to $16.50 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. Finally, B. Riley reduced their price objective on shares of Marathon Digital from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.69.

Marathon Digital Stock Performance

Shares of Marathon Digital stock traded up $1.13 during trading on Friday, reaching $21.21. The company’s stock had a trading volume of 46,639,890 shares, compared to its average volume of 47,509,436. The company has a 50-day moving average price of $19.02 and a two-hundred day moving average price of $19.28. Marathon Digital Holdings, Inc. has a fifty-two week low of $7.16 and a fifty-two week high of $34.09. The firm has a market cap of $5.79 billion, a PE ratio of 9.87 and a beta of 5.38. The company has a current ratio of 23.07, a quick ratio of 23.07 and a debt-to-equity ratio of 0.13.

Marathon Digital (NASDAQ:MARA) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The firm had revenue of $156.77 million during the quarter, compared to analysts’ expectations of $138.15 million. Marathon Digital had a net margin of 106.46% and a negative return on equity of 3.80%. On average, analysts forecast that Marathon Digital Holdings, Inc. will post -0.17 EPS for the current year.

Marathon Digital Company Profile

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.