Marathon Digital Holdings, Inc. (NASDAQ:MARA) Given Consensus Rating of “Moderate Buy” by Brokerages

Marathon Digital Holdings, Inc. (NASDAQ:MARA) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.30.

A number of analysts have recently weighed in on MARA shares. BTIG Research reiterated a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Digital in a research note on Saturday, September 27th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Marathon Digital in a report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of Marathon Digital from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Finally, Macquarie increased their price target on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th.

Insider Buying and Selling at Marathon Digital

In other news, Director Vicki Mealer-Burke sold 14,887 shares of Marathon Digital stock in a transaction on Monday, September 8th. The stock was sold at an average price of $15.22, for a total value of $226,580.14. Following the transaction, the director owned 58,103 shares in the company, valued at approximately $884,327.66. This trade represents a 20.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $17.38, for a total value of $478,036.90. Following the transaction, the chief executive officer directly owned 3,755,789 shares of the company’s stock, valued at $65,275,612.82. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,598 shares of company stock valued at $3,483,548. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Digital

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its stake in shares of Marathon Digital by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 878 shares in the last quarter. California State Teachers Retirement System raised its holdings in Marathon Digital by 2.9% during the 4th quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock worth $4,606,000 after purchasing an additional 7,864 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Marathon Digital by 1,726.2% in the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock worth $12,015,000 after purchasing an additional 677,199 shares during the period. GAMMA Investing LLC lifted its position in shares of Marathon Digital by 708.0% in the 1st quarter. GAMMA Investing LLC now owns 103,776 shares of the business services provider’s stock worth $1,193,000 after purchasing an additional 90,932 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Marathon Digital by 10.0% in the 1st quarter. Rhumbline Advisers now owns 917,299 shares of the business services provider’s stock valued at $10,549,000 after purchasing an additional 83,242 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Stock Performance

Shares of NASDAQ:MARA opened at $18.82 on Monday. Marathon Digital has a 12-month low of $9.81 and a 12-month high of $30.28. The company’s 50 day moving average price is $16.42 and its two-hundred day moving average price is $15.44. The firm has a market cap of $6.97 billion, a PE ratio of 16.95 and a beta of 6.33. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $2.13. The business had revenue of $238.50 million during the quarter, compared to analysts’ expectations of $212.25 million. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The firm’s revenue for the quarter was up 64.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.72) earnings per share. Equities research analysts predict that Marathon Digital will post -1.04 earnings per share for the current year.

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.