Sona Asset Management US LLC Buys Shares of 230,000 Marathon Digital Holdings, Inc. $MARA

Sona Asset Management US LLC purchased a new position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 230,000 shares of the business services provider’s stock, valued at approximately $1,877,000.

A number of other institutional investors have also recently made changes to their positions in MARA. CI Investments Inc. lifted its holdings in shares of Marathon Digital by 7.6% during the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock worth $110,000 after acquiring an additional 957 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Marathon Digital by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after acquiring an additional 991 shares in the last quarter. Evexia Wealth LLC increased its stake in Marathon Digital by 9.2% in the first quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,090 shares during the last quarter. Sigma Planning Corp increased its stake in Marathon Digital by 12.4% in the fourth quarter. Sigma Planning Corp now owns 11,924 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Marathon Digital by 38.6% in the second quarter. Osaic Holdings Inc. now owns 4,816 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

Marathon Digital Price Performance

MARA stock opened at $12.12 on Monday. The firm has a market cap of $4.62 billion, a P/E ratio of -2.12 and a beta of 5.36. The firm’s fifty day moving average is $13.30 and its 200 day moving average is $10.99. Marathon Digital Holdings, Inc. has a 52 week low of $6.66 and a 52 week high of $23.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.84 and a current ratio of 1.84.

Insider Buying and Selling at Marathon Digital

In other news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total value of $391,946.25. Following the transaction, the chief executive officer owned 4,562,009 shares in the company, valued at approximately $65,008,628.25. The trade was a 0.60% 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 business’s stock in a transaction dated 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 sale, the general counsel directly owned 963,768 shares of the company’s stock, valued at approximately $13,733,694. This trade represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 109,260 shares of company stock valued at $1,452,756. Corporate insiders own 0.97% of the company’s stock.

Key Stories Impacting Marathon Digital

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

• Positive Sentiment: The stock recently outperformed the broader market, closing up in the prior session, which suggests the name has had strong short-term momentum despite today’s reversal. Marathon Digital Holdings, Inc. (MARA) Increases Despite Market Slip: Here’s What You Need to Know
• Positive Sentiment: One analyst raised its price target on MARA, signaling that some on Wall Street still see upside tied to high-performance computing contracts and the company’s longer-term growth story. MARA Holdings (MARA) Stock Sees Split Analyst Revisions As Fair Value Edges Lower
• Neutral Sentiment: The company remains in focus after disclosure of a large Bitcoin sale and ahead of its upcoming earnings update, keeping attention on whether earnings and margin trends can offset revenue pressure. MARA Holdings (MARA) Following Bitcoin Sales And Earnings Focus As Fair Value Debate Builds
• Neutral Sentiment: Reported short-interest data was effectively flat/zero, so it does not appear to be a meaningful new catalyst for the stock right now.
• Negative Sentiment: Multiple analysts cut their targets, suggesting rising caution around execution risk, valuation, and the pace of crypto/AI-related demand. MARA Holdings (MARA) Stock Sees Split Analyst Revisions As Fair Value Edges Lower
• Negative Sentiment: The latest market report highlighted that MARA fell while the broader market rose, reinforcing concerns that traders are rotating away from the stock despite recent volatility. Marathon Digital Holdings, Inc. (MARA) Stock Falls Amid Market Uptick: What Investors Need to Know

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings lowered Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 12th. Rosenblatt Securities increased their price objective on Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citizens Jmp initiated coverage on Marathon Digital in a report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 price objective on the stock. Cantor Fitzgerald dropped their target price on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Piper Sandler cut their target price on Marathon Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Marathon Digital presently has an average rating of “Moderate Buy” and an average price target of $18.50.

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.