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

Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.94.

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities raised their price target on Marathon Digital from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Piper Sandler lowered their target price on Marathon Digital from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on Marathon Digital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, June 13th. Needham & Company LLC reissued a “hold” rating on shares of Marathon Digital in a research report on Thursday, February 27th. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of Marathon Digital in a research note on Thursday, April 24th.

Insider Activity

In other news, CEO Frederick G. Thiel sold 55,010 shares of Marathon Digital stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $825,150.00. Following the sale, the chief executive officer now directly owns 4,146,804 shares in the company, valued at approximately $62,202,060. The trade was a 1.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 33,400 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $501,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,680,971 shares in the company, valued at approximately $25,214,565. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,853 shares of company stock worth $3,054,629. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Marathon Digital

Several large investors have recently modified their holdings of the stock. United Services Automobile Association grew its position in Marathon Digital by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 635 shares during the period. Ranch Capital Advisors Inc. boosted its stake in shares of Marathon Digital by 5.8% in the 1st quarter. Ranch Capital Advisors Inc. now owns 14,632 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 805 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Marathon Digital by 5.1% in the 4th 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. Integrated Wealth Concepts LLC grew its holdings in shares of Marathon Digital by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after purchasing an additional 991 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Marathon Digital by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after purchasing an additional 992 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Marathon Digital Trading Down 1.2%

NASDAQ:MARA opened at $14.32 on Friday. The company’s 50 day moving average is $14.69 and its 200-day moving average is $16.03. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.62. Marathon Digital has a 12 month low of $9.81 and a 12 month high of $30.28. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -9.88 and a beta of 6.61.

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