Benjamin Edwards Inc. Has $1.03 Million Holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Benjamin Edwards Inc. reduced its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,840 shares of the business services provider’s stock after selling 1,279 shares during the quarter. Benjamin Edwards Inc.’s holdings in Marathon Digital were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in shares of Marathon Digital by 752.3% in the fourth quarter. Versant Capital Management Inc now owns 1,662 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,467 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Marathon Digital during the 4th quarter worth about $61,000. GAMMA Investing LLC acquired a new position in shares of Marathon Digital during the 4th quarter worth about $75,000. Xponance Inc. bought a new position in shares of Marathon Digital in the 3rd quarter valued at about $86,000. Finally, CWM LLC increased its position in shares of Marathon Digital by 62.5% in the fourth quarter. CWM LLC now owns 4,560 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 1,754 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Marathon Digital Stock Performance

Shares of Marathon Digital stock traded up $0.45 during trading on Friday, reaching $17.52. The company’s stock had a trading volume of 38,045,206 shares, compared to its average volume of 70,563,844. Marathon Digital Holdings, Inc. has a 52 week low of $7.16 and a 52 week high of $34.09. The firm has a market cap of $4.78 billion, a PE ratio of 20.86 and a beta of 5.38. The business’s 50-day moving average price is $20.19 and its 200-day moving average price is $18.13. The company has a quick ratio of 30.51, a current ratio of 30.50 and a debt-to-equity ratio of 0.20.

Marathon Digital (NASDAQ:MARA) last issued 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 net margin of 48.93% and a negative return on equity of 4.61%. Equities analysts forecast that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Marathon Digital 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.