Marathon Digital Holdings, Inc. (NASDAQ:MARA) Receives Average Rating of “Hold” from Analysts

Marathon Digital Holdings, Inc. (NASDAQ:MARA) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.79.

A number of research firms have recently weighed in on MARA. Cantor Fitzgerald began coverage on Marathon Digital in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Macquarie began coverage on Marathon Digital in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Marathon Digital in a report on Thursday, October 10th. Finally, B. Riley raised their target price on shares of Marathon Digital from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 12th.

Insider Transactions at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,417 shares of company stock valued at $1,516,536 in the last quarter. Insiders own 1.11% of the company’s stock.

Institutional Investors Weigh In On Marathon Digital

Large investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its stake in Marathon Digital by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Marathon Digital during the 1st quarter valued at $90,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Marathon Digital in the first quarter valued at $105,000. GAMMA Investing LLC boosted its position in shares of Marathon Digital by 108.0% in the second quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock worth $136,000 after buying an additional 3,565 shares during the period. Finally, Tobam grew its holdings in shares of Marathon Digital by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Stock Performance

Shares of MARA stock opened at $18.88 on Monday. The company has a market cap of $5.34 billion, a P/E ratio of 8.78 and a beta of 5.50. The business has a 50 day moving average of $16.20 and a two-hundred day moving average of $18.34. Marathon Digital has a 52 week low of $7.63 and a 52 week high of $34.09. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.13.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.49). Marathon Digital had a negative return on equity of 5.15% and a net margin of 62.57%. The company had revenue of $145.14 million for the quarter, compared to the consensus estimate of $157.86 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Marathon Digital’s quarterly revenue was up 77.5% compared to the same quarter last year. As a group, analysts anticipate that Marathon Digital will post -1.06 EPS for the current year.

About Marathon Digital

MARA 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 Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.