Rosenblatt Securities Issues Pessimistic Forecast for Marathon Digital (NASDAQ:MARA) Stock Price

Marathon Digital (NASDAQ:MARA) had its price target lowered by equities research analysts at Rosenblatt Securities from $25.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities’ price objective points to a potential upside of 37.84% from the company’s previous close.

Several other research analysts also recently weighed in on MARA. Macquarie upped their target price on shares of Marathon Digital from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Guggenheim began coverage on Marathon Digital in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Digital in a research report on Wednesday, October 8th. Cantor Fitzgerald upped their price target on Marathon Digital from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, BTIG Research reaffirmed a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a report on Friday, September 5th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Marathon Digital Trading Down 6.8%

Marathon Digital stock opened at $15.96 on Wednesday. Marathon Digital has a 12-month low of $9.81 and a 12-month high of $30.28. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 14.38 and a beta of 6.40. The firm has a 50 day moving average of $18.09 and a 200 day moving average of $16.63. The company has a current ratio of 0.54, a quick 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, November 4th. The business services provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.06). The firm had revenue of $252.41 million for the quarter, compared to analysts’ expectations of $254.58 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. As a group, research analysts predict that Marathon Digital will post -1.04 earnings per share for the current year.

Insider Activity at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $16.24, for a total transaction of $564,047.68. Following the completion of the transaction, the chief financial officer owned 318,428 shares in the company, valued at $5,171,270.72. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $226,580.14. Following the completion of the transaction, the director directly owned 58,103 shares of the company’s stock, valued at $884,327.66. The trade was a 20.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 203,598 shares of company stock valued at $3,600,164. 0.80% of the stock is owned by corporate insiders.

Institutional Trading of Marathon Digital

Several hedge funds have recently made changes to their positions in the business. Hollencrest Capital Management grew its position in Marathon Digital by 2,407.4% in the third quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,300 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Marathon Digital by 59.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 683 shares during the last quarter. Estabrook Capital Management purchased a new position in shares of Marathon Digital in the 2nd quarter worth approximately $31,000. Bessemer Group Inc. boosted its holdings in shares of Marathon Digital by 56.8% in the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after purchasing an additional 659 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Marathon Digital by 375.4% during the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 2,001 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.