Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.30, for a total value of $420,826.50. Following the sale, the chief executive officer now directly owns 3,983,593 shares in the company, valued at $60,948,972.90. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marathon Digital Trading Down 1.2%
NASDAQ:MARA traded down $0.17 during midday trading on Friday, hitting $14.32. The stock had a trading volume of 49,423,615 shares, compared to its average volume of 45,091,753. Marathon Digital Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -9.88 and a beta of 6.61. The stock has a 50-day moving average of $14.69 and a 200 day moving average of $15.96. 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 (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). Marathon Digital had a positive return on equity of 6.33% and a negative net margin of 46.68%. The firm had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. During the same period last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MARA. Needham & Company LLC reaffirmed a "hold" rating on shares of Marathon Digital in a research note on Thursday, February 27th. Barclays increased their price target on Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. increased their price target on Marathon Digital from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, June 13th. Piper Sandler reduced their price target on Marathon Digital from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of Marathon Digital in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.94.
Get Our Latest Research Report on Marathon Digital
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Marathon Digital in the fourth quarter worth approximately $27,000. Sterling Capital Management LLC grew its stake in 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 worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Marathon Digital in the fourth quarter worth approximately $50,000. Blue Trust Inc. grew its stake in Marathon Digital by 415.6% in the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock worth $56,000 after purchasing an additional 2,693 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Marathon Digital by 211.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,500 shares of the business services provider's stock worth $64,000 after purchasing an additional 2,375 shares in the last quarter. Institutional investors own 44.53% of the company's stock.
About Marathon Digital
(
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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.
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