Marathon Digital Holdings (MARA)

• Market cap: $5.86B
• 1 day: 8.80%
• 5 days: 17.32%
• 1 month: -19.07%
• 3 months: 10.55%
• 6 months: -22.07%
• Year to date: 15.69%
• 1 year: 15.35%
• 5 years: 1,814.42%
• 10 years: -82.76%
• Sector: Financials
• Industry: Finance Services

About: MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value.

Employees: 109

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

48% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 85

6% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 54

9% less call options, than puts

Call options by funds: $544M | Put options by funds: $598M

2% less funds holding

Funds holding: 323 [Q2] → 315 (-8) [Q3]

4.63% less ownership

Funds ownership: 60.27% [Q2] → 55.64% (-4.63%) [Q3]

21% less capital invested

Capital invested by funds: $3.38B [Q2] → $2.66B (-$724M) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $23 16% upside
• Avg. target: $27 36% upside
• High target: $34 71% upside

7 analyst ratings

• positive: 3 43%
• neutral: 4 57%
• negative: 0 0%

B. Riley Securities Lucas Pipes 53% 1-year accuracy 60 / 113 met price target	16% upside $23	Neutral Maintained	19 Dec 2024
Piper Sandler Patrick Moley 80% 1-year accuracy 35 / 44 met price target	71% upside $34	Overweight Initiated	17 Dec 2024
JP Morgan Reginald Smith 58% 1-year accuracy 15 / 26 met price target	16% upside $23	Neutral Upgraded	10 Dec 2024
HC Wainwright & Co. Kevin Dede 55% 1-year accuracy 33 / 60 met price target	41% upside $28	Buy Reiterated	4 Dec 2024
Barclays Ramsey El-Assal 63% 1-year accuracy 33 / 52 met price target	36% upside $27	Equal-Weight Initiated	25 Nov 2024