Marathon Digital Target of Unusually High Options Trading (NASDAQ:MARA)

Marathon Digital Holdings, Inc. (NASDAQ:MARA) was the target of some unusual options trading on Wednesday. Stock traders purchased 384,677 call options on the company. This is an increase of 56% compared to the typical volume of 246,386 call options.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Cantor Fitzgerald began coverage on Marathon Digital in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. Macquarie began coverage on shares of Marathon Digital in a report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price objective on the stock. B. Riley upped their price objective on shares of Marathon Digital from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, HC Wainwright reiterated a “buy” rating and issued a $27.00 price objective on shares of Marathon Digital in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.43.

Insider Activity at Marathon Digital

In related news, CFO Salman Hassan Khan sold 16,700 shares of Marathon Digital stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at $36,351,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,417 shares of company stock valued at $1,516,536 over the last ninety days. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC grew its position in shares of Marathon Digital by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares during the period. Financial Advocates Investment Management lifted its stake in Marathon Digital by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. increased its position in shares of Marathon Digital by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 780 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Marathon Digital by 4.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 881 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Marathon Digital by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

Marathon Digital Price Performance

Shares of MARA stock traded up $3.07 on Wednesday, reaching $19.31. The company had a trading volume of 80,017,398 shares, compared to its average volume of 53,514,816. The stock has a market capitalization of $5.69 billion, a PE ratio of 11.79 and a beta of 5.52. 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 has a one year low of $8.39 and a one year high of $34.09. The business’s 50-day moving average is $16.44 and its 200 day moving average is $18.42.

Marathon Digital Company Profile

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.