Investors Buy Large Volume of Marathon Digital Call Options (NASDAQ:MARA)

Marathon Digital Holdings, Inc. (NASDAQ:MARA) saw unusually large options trading activity on Friday. Traders acquired 412,293 call options on the company. Thisisanincreaseof29% compared to the typical daily volume of 319,514 call options.

Marathon Digital Price Performance

Shares of MARA opened at $15.38 on Friday. Marathon Digital has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a 50 day moving average of $16.55 and a two-hundred day moving average of $15.24. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 13.86 and a beta of 6.24.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of Marathon Digital in a research note on Wednesday, July 30th. Cantor Fitzgerald increased their price objective on shares of Marathon Digital from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Macquarie increased their price objective on shares of Marathon Digital from $19.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of Marathon Digital in a research note on Thursday, April 24th. Finally, Barclays raised their target price on shares of Marathon Digital from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.22.

Insider Transactions at Marathon Digital

In related news, CFO Salman Hassan Khan sold 34,732 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $19.05, for a total value of $661,644.60. Following the sale, the chief financial officer directly owned 324,572 shares of the company’s stock, valued at $6,183,096.60. This represents a 9.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $19.52, for a total transaction of $536,897.60. Following the completion of the sale, the chief executive officer directly owned 3,946,504 shares in the company, valued at $77,035,758.08. This trade represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,680 shares of company stock worth $2,912,651 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marathon Digital

Several institutional investors and hedge funds have recently made changes to their positions in MARA. O Shaughnessy Asset Management LLC acquired a new stake in shares of Marathon Digital during the fourth quarter worth $293,000. Wellington Management Group LLP increased its holdings in 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 buying an additional 677,199 shares during the period. Alliancebernstein L.P. increased its holdings in Marathon Digital by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 355,218 shares of the business services provider’s stock worth $5,957,000 after buying an additional 3,393 shares during the period. Wells Fargo & Company MN increased its holdings in Marathon Digital by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 239,195 shares of the business services provider’s stock worth $4,011,000 after buying an additional 75,668 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Marathon Digital by 117.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,569 shares of the business services provider’s stock worth $110,000 after buying an additional 3,554 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.