Marathon Digital Holdings, Inc. (NASDAQ:MARA) CEO Sells $420,826.50 in Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.30, for a total transaction of $420,826.50. Following the transaction, the chief executive officer now owns 3,983,593 shares of the company's stock, valued at $60,948,972.90. The trade was a 0.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Marathon Digital Stock Performance

NASDAQ:MARA traded down $0.18 during mid-day trading on Wednesday, reaching $14.49. 37,286,408 shares of the company's stock were exchanged, compared to its average volume of 45,144,903. Marathon Digital Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The firm has a market capitalization of $5.10 billion, a PE ratio of -9.99 and a beta of 6.61. The business's fifty day simple moving average is $14.56 and its two-hundred day simple moving average is $16.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 0.79.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). Marathon Digital had a negative net margin of 46.68% and a positive return on equity of 6.33%. The firm had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. During the same period in the prior year, the business earned $1.26 earnings per share. Marathon Digital's quarterly revenue was up 29.5% compared to the same quarter last year. Analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marathon Digital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. grew its holdings in Marathon Digital by 155.3% during the 4th quarter. Vontobel Holding Ltd. now owns 110,312 shares of the business services provider's stock worth $1,850,000 after acquiring an additional 67,109 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Marathon Digital by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider's stock worth $4,650,000 after purchasing an additional 1,299 shares during the period. Blue Trust Inc. lifted its position in shares of Marathon Digital by 415.6% during the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock valued at $56,000 after acquiring an additional 2,693 shares during the period. Rhumbline Advisers lifted its position in shares of Marathon Digital by 6.6% during the 4th quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider's stock valued at $13,987,000 after acquiring an additional 51,643 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Marathon Digital by 4.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider's stock valued at $1,875,000 after acquiring an additional 4,945 shares during the period. 44.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on MARA. Rosenblatt Securities increased their target price on shares of Marathon Digital from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Barclays increased their target price on shares of 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 shares of Marathon Digital from $18.00 to $19.00 and gave the company a "neutral" rating in a research note 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 reissued a "buy" rating and issued a $28.00 price objective on shares of Marathon Digital in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.94.

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.

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