Analysts Offer Predictions for Marathon Digital Holdings, Inc.’s FY2022 Earnings (NASDAQ:MARA)

Marathon Digital Holdings, Inc. (NASDAQ:MARAGet Rating) – Research analysts at B. Riley cut their FY2022 EPS estimates for shares of Marathon Digital in a note issued to investors on Wednesday, November 9th. B. Riley analyst L. Pipes now anticipates that the business services provider will earn ($1.28) per share for the year, down from their previous forecast of ($1.15). B. Riley has a “Neutral” rating and a $8.00 price objective on the stock. The consensus estimate for Marathon Digital’s current full-year earnings is ($1.32) per share.

MARA has been the subject of a number of other reports. Cowen raised their price objective on shares of Marathon Digital from $7.00 to $9.00 and gave the company a “market perform” rating in a research note on Tuesday, August 23rd. BTIG Research downgraded shares of Marathon Digital from a “buy” rating to a “neutral” rating in a report on Friday, September 23rd. Jefferies Financial Group dropped their price objective on shares of Marathon Digital from $24.00 to $12.50 in a report on Tuesday, November 8th. Compass Point dropped their price objective on shares of Marathon Digital from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Finally, DA Davidson decreased their target price on shares of Marathon Digital from $30.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, September 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.17.

Marathon Digital Stock Down 2.1 %

Shares of NASDAQ MARA opened at $9.77 on Monday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $11.51 and a two-hundred day simple moving average of $11.09. The firm has a market capitalization of $1.14 billion, a PE ratio of -4.02 and a beta of 5.05. Marathon Digital has a 12 month low of $5.20 and a 12 month high of $76.83.

Insider Activity

In related news, Director Kevin A. Denuccio acquired 5,000 shares of Marathon Digital stock in a transaction dated Tuesday, August 23rd. The shares were purchased at an average price of $13.72 per share, for a total transaction of $68,600.00. Following the completion of the transaction, the director now directly owns 105,000 shares in the company, valued at approximately $1,440,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Marathon Digital

Large investors have recently bought and sold shares of the business. CI Investments Inc. purchased a new stake in shares of Marathon Digital during the second quarter valued at $25,000. Macquarie Group Ltd. increased its holdings in shares of Marathon Digital by 96.8% during the second quarter. Macquarie Group Ltd. now owns 5,369 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 2,641 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Marathon Digital during the first quarter valued at about $35,000. Quantbot Technologies LP acquired a new position in shares of Marathon Digital during the first quarter valued at about $37,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Marathon Digital during the first quarter valued at about $41,000. Institutional investors own 42.59% of the company’s stock.

About Marathon Digital

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Marathon Digital Holdings, Inc operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund.

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Earnings History and Estimates for Marathon Digital (NASDAQ:MARA)

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