Valeo Financial Advisors LLC Purchases 1,990 Shares of Marathon Digital Holdings, Inc.(NASDAQ:MARA) Posted by Donald Scott
Valeo Financial Advisors LLC lifted its stake in shares of Marathon Digital Holdings, Inc.(NASDAQ:MARA) by 19,900.0% during the 1st quarter, HoldingsChannel.com reports.The firm owned 2,000 shares of the business services provider’s stock after buying an additional 1,990 shares during the period.Valeo Financial Advisors LLC’s holdings in Marathon Digital were worth $96,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.International Assets Investment Management LLC acquired a new stake in shares of Marathon Digital during the 4th quarter worth $25,000.Edge Wealth Management LLC acquired a new stake in shares of Marathon Digital during the 1st quarter worth $127,000.
SG Americas Securities LLC acquired a new stake in shares of Marathon Digital during the 4th quarter worth $104,000.
Hsbc Holdings PLC acquired a new stake in Marathon Digital in the fourth quarter valued at about $103,000.Finally, F3Logic LLC acquired a new stake in Marathon Digital in the fourth quarter valued at about $119,000.3.99% of the stock is currently owned by institutional investors.Get Marathon Digital alerts:
In other news, Director Michael Carroll Berg sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 12th.The stock was sold at an average price of $39.56, for a total transaction of $395,600.00.Following the completion of the transaction, the director now directly owns 18,731 shares in the company, valued at $740,998.36.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .Also, COO James Crawford sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 16th.
The stock was sold at an average price of $43.10, for a total value of $1,077,500.00.Following the transaction, the chief operating officer now owns 124,245 shares of the company’s stock, valued at $5,354,959.50.
The disclosure for this sale can be found here .Insiders have sold 780,000 shares of company stock worth $37,720,800 over the last three months.Insiders own 2.13% of the company’s stock.Shares of MARA stock opened at $42.14 on Friday.The business’s 50-day moving average price is $40.51 and its 200-day moving average price is $19.33.Marathon Digital Holdings, Inc.
has a 12 month low of $0.38 and a 12 month high of $57.75.
The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -89.66 and a beta of 4.33.
Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings results on Monday, March 15th.The business services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07).Marathon Digital had a negative net margin of 319.69% and a negative return on equity of 48.25%.The firm had revenue of $2.64 million for the quarter, compared to analyst estimates of $2.60 million.As a group, analysts forecast that Marathon Digital Holdings, Inc.
will post -0.19 EPS for the current year.
MARA has been the topic of several research analyst reports.HC Wainwright raised their price objective on Marathon Digital from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, March 17th.
Zacks Investment Research raised Marathon Digital from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, March 9th.
Marathon Digital Profile
Marathon Digital Holdings, Inc operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets 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.
Further Reading: Buy-Side Analysts
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