Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC lifted its holdings in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 67.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,329 shares of the business services provider's stock after acquiring an additional 39,627 shares during the quarter. Virtu Financial LLC's holdings in Marathon Digital were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC lifted its stake in shares of Marathon Digital by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after purchasing an additional 695 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Marathon Digital by 4.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider's stock worth $505,000 after acquiring an additional 881 shares in the last quarter. Intrepid Financial Planning Group LLC boosted its holdings in Marathon Digital by 4.1% in the 4th quarter. Intrepid Financial Planning Group LLC now owns 23,610 shares of the business services provider's stock worth $555,000 after acquiring an additional 930 shares during the period. Commonwealth Equity Services LLC grew its position in Marathon Digital by 2.1% in the first quarter. Commonwealth Equity Services LLC now owns 70,974 shares of the business services provider's stock valued at $1,603,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Marathon Digital by 2.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 66,561 shares of the business services provider's stock valued at $1,321,000 after purchasing an additional 1,845 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

Marathon Digital Stock Down 3.3 %

Shares of MARA traded down $0.53 during midday trading on Wednesday, hitting $15.34. The company had a trading volume of 35,081,467 shares, compared to its average volume of 56,027,992. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 7.13 and a beta of 5.51. The company's 50 day moving average price is $18.13 and its 200 day moving average price is $19.13. 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 Holdings, Inc. has a 52 week low of $7.16 and a 52 week high of $34.09.

Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.49). Marathon Digital had a net margin of 62.57% and a negative return on equity of 5.15%. The firm had revenue of $145.14 million during the quarter, compared to the consensus estimate of $157.86 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The firm's quarterly revenue was up 77.5% compared to the same quarter last year. On average, equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MARA. HC Wainwright restated a "buy" rating and issued a $27.00 target price on shares of Marathon Digital in a research note on Thursday, June 20th. JPMorgan Chase & Co. lowered their target price on Marathon Digital from $14.00 to $12.00 and set an "underweight" rating for the company in a research note on Friday, August 23rd. Finally, B. Riley lifted their target price on Marathon Digital from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $19.22.

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.