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

Marathon Digital Holdings, Inc. (NASDAQ:MARA) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.94.

A number of research firms recently weighed in on MARA. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of Marathon Digital in a report on Thursday, April 24th. Compass Point reaffirmed a “sell” rating and set a $9.50 price target (down from $25.00) on shares of Marathon Digital in a report on Tuesday, May 6th. Rosenblatt Securities raised their price target on shares of Marathon Digital from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Barclays raised their price target on shares of Marathon Digital from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Finally, Piper Sandler decreased their price objective on shares of Marathon Digital from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, May 5th.

Marathon Digital Stock Performance

Shares of MARA stock opened at $18.76 on Wednesday. The company’s fifty day simple moving average is $15.88 and its 200-day simple moving average is $15.35. Marathon Digital has a 52 week low of $9.81 and a 52 week high of $30.28. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.62. The company has a market cap of $6.60 billion, a PE ratio of -12.94 and a beta of 6.53.

Marathon Digital (NASDAQ:MARA) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). Marathon Digital had a negative net margin of 46.68% and a positive return on equity of 6.33%. The business had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $234.19 million. During the same period in the prior year, the business posted $1.26 EPS. The business’s revenue was up 29.5% on a year-over-year basis. As a group, equities research analysts anticipate that Marathon Digital will post -1.04 EPS for the current year.

Insider Buying and Selling

In other Marathon Digital news, Director Douglas K. Mellinger sold 3,000 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the transaction, the director owned 176,859 shares in the company, valued at approximately $2,829,744. This represents a 1.67% decrease in their position. The transaction 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 company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $15.30, for a total transaction of $420,826.50. Following the completion of the transaction, the chief executive officer owned 3,983,593 shares of the company’s stock, valued at approximately $60,948,972.90. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 199,853 shares of company stock worth $3,072,049 over the last quarter. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in shares of Marathon Digital in the fourth quarter valued at approximately $27,000. Fifth Third Bancorp boosted its holdings in shares of Marathon Digital by 59.9% in the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 683 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Marathon Digital by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,426 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Marathon Digital during the fourth quarter worth approximately $50,000. Finally, US Bancorp DE boosted its holdings in Marathon Digital by 73.3% during the fourth quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after buying an additional 1,505 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

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.