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Needham Initiates Coverage of Marathon Digital Holdings (MARA) with Hold Recommendation

Fintel reports that on October 2, 2023, Needham initiated coverage of Marathon Digital Holdings (NASDAQ:MARA) with a Hold recommendation.

Analyst Price Forecast Suggests 91.75% Upside

As of August 31, 2023, the average one-year price target for Marathon Digital Holdings is 16.34. The forecasts range from a low of 11.11 to a high of $21.00. The average price target represents an increase of 91.75% from its latest reported closing price of 8.52.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Marathon Digital Holdings is 545MM, an increase of 212.96%. The projected annual non-GAAP EPS is 0.67.

What is the Fund Sentiment?

There are 385 funds or institutions reporting positions in Marathon Digital Holdings. This is an increase of 5 owner(s) or 1.32% in the last quarter. Average portfolio weight of all funds dedicated to MARA is 0.30%, an increase of 15.46%. Total shares owned by institutions increased in the last three months by 27.29% to 73,783K shares. The put/call ratio of MARA is 0.63, indicating a bullish outlook.

What are Other Shareholders Doing?

MARA / Marathon Digital Holdings Inc Shares Held by Institutions

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 5,028K shares representing 2.17% ownership of the company. In it’s prior filing, the firm reported owning 3,417K shares, representing an increase of 32.04%. The firm increased its portfolio allocation in MARA by 115.80% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 4,105K shares representing 1.77% ownership of the company. In it’s prior filing, the firm reported owning 2,897K shares, representing an increase of 29.42%. The firm increased its portfolio allocation in MARA by 114.24% over the last quarter.

IWM – iShares Russell 2000 ETF holds 3,835K shares representing 1.65% ownership of the company. In it’s prior filing, the firm reported owning 2,536K shares, representing an increase of 33.88%. The firm increased its portfolio allocation in MARA by 121.58% over the last quarter.

Geode Capital Management holds 3,705K shares representing 1.60% ownership of the company. In it’s prior filing, the firm reported owning 2,625K shares, representing an increase of 29.15%. The firm increased its portfolio allocation in MARA by 103.00% over the last quarter.

Susquehanna International Group, Llp holds 2,446K shares representing 1.05% ownership of the company. In it’s prior filing, the firm reported owning 1,121K shares, representing an increase of 54.15%. The firm increased its portfolio allocation in MARA by 555.38% over the last quarter.

Marathon Digital Holdings Background Information
(This description is provided by the company.)

Marathon Patent Group Inc. is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words
Fintel reports that on October 2, 2023, Needham initiated coverage of Marathon Digital Holdings (NASDAQ:MARA) with a Hold recommendation. Analyst Price Forecast Suggests 91.75% Upside As of August 31, 2023, the average one-year price target for Marathon Digital Holdings is 16.34. The forecasts range from a low of 11.11 to a high of $21.00. The average price target represents an increase of 91.75% from its latest reported closing price of 8.52.

See our leaderboard of companies with the largest price target upside. The projected annual revenue for Marathon Digital Holdings is 545MM, an increase of 212.96%. The projected annual non-GAAP EPS is 0.67. What is the Fund Sentiment? There are 385 funds or institutions reporting positions in Marathon Digital Holdings. This is an increase of 5 owner(s) or 1.32% in the last quarter. Average portfolio weight of all funds dedicated to MARA is 0.30%, an increase of 15.46%. Total shares owned by institutions increased in the last three months by 27.29% to 73,783K shares. The put/call ratio of MARA is 0.63, indicating a bullish outlook. What are Other Shareholders Doing? VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 5,028K shares representing 2.17% ownership of the company. In it’s prior filing, the firm reported owning 3,417K shares, representing an increase of 32.04%. The firm increased its portfolio allocation in MARA by 115.80% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 4,105K shares representing 1.77% ownership of the company. In it’s prior filing, the firm reported owning 2,897K shares, representing an increase of 29.42%. The firm increased its portfolio allocation in MARA by 114.24% over the last quarter. IWM – iShares Russell 2000 ETF holds 3,835K shares representing 1.65% ownership of the company. In it’s prior filing, the firm reported owning 2,536K shares, representing an increase of 33.88%. The firm increased its portfolio allocation in MARA by 121.58% over the last quarter. Geode Capital Management holds 3,705K shares representing 1.60% ownership of the company. In it’s prior filing, the firm reported owning 2,625K shares, representing an increase of 29.15%. The firm increased its portfolio allocation in MARA by 103.00% over the last quarter. Susquehanna International Group, Llp holds 2,446K shares representing 1.05% ownership of the company. In it’s prior filing, the firm reported owning 1,121K shares, representing an increase of 54.15%. The firm increased its portfolio allocation in MARA by 555.38% over the last quarter. Marathon Digital Holdings Background Information(This description is provided by the company.)

Marathon Patent Group Inc. is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn MoreThis story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/needham-initiates-coverage-of-marathon-digital-holdings-mara-with-hold-recommendation Needham Initiates Coverage of Marathon Digital Holdings (MARA) with Hold Recommendation

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