Marathon Digital Holdings, Inc. (NASDAQ:MARA) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Marathon Digital an average rating of "Hold" from 12 firms (2 sell, 3 hold, 7 buy), with a one‑year average target price of $19.90.
• Insiders — including CFO Salman Hassan Khan and CEO Frederick G. Thiel — sold shares on March 17, and insiders have sold 114,515 shares worth about $1.03M in the last three months, leaving insider ownership at 0.80%.
• Marathon reported a large quarterly miss with EPS of ($4.52) versus consensus ($0.23) and revenue of $202.31M versus an estimated $250.74M, producing negative margins and a forecasted full‑year EPS of about -1.04.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) has been given an average recommendation of "Hold" by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.90.

Several brokerages have weighed in on MARA. Weiss Ratings lowered Marathon Digital from a "hold (c-)" rating to a "sell (d)" rating in a report on Friday, March 6th. Morgan Stanley started coverage on Marathon Digital in a research report on Monday, February 9th. They set an "underweight" rating and a $8.00 price target on the stock. Piper Sandler decreased their price objective on Marathon Digital from $26.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, January 14th. HC Wainwright restated a "neutral" rating on shares of Marathon Digital in a research note on Friday, February 27th. Finally, Cantor Fitzgerald dropped their price objective on shares of Marathon Digital from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th.

Insider Activity at Marathon Digital

In related news, CFO Salman Hassan Khan sold 16,000 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total transaction of $146,880.00. Following the sale, the chief financial officer directly owned 343,165 shares in the company, valued at approximately $3,150,254.70. This represents a 4.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $9.18, for a total transaction of $252,495.90. Following the completion of the transaction, the chief executive officer directly owned 4,788,954 shares of the company's stock, valued at approximately $43,962,597.72. This trade represents a 0.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 114,515 shares of company stock worth $1,029,678. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On Marathon Digital

Hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management lifted its holdings in Marathon Digital by 2,407.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider's stock worth $25,000 after purchasing an additional 1,300 shares in the last quarter. Bessemer Group Inc. grew its holdings in Marathon Digital by 56.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider's stock valued at $33,000 after buying an additional 659 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Marathon Digital during the fourth quarter valued at about $36,000. Hantz Financial Services Inc. lifted its holdings in shares of Marathon Digital by 344.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider's stock worth $45,000 after buying an additional 3,893 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Marathon Digital in the third quarter worth about $47,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Digital Price Performance

Shares of NASDAQ:MARA opened at $11.55 on Friday. Marathon Digital has a fifty-two week low of $6.66 and a fifty-two week high of $23.45. The company's 50-day moving average is $8.67 and its 200 day moving average is $11.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $4.39 billion, a P/E ratio of -2.92 and a beta of 5.29.

Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The business services provider reported ($4.52) EPS for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative return on equity of 19.01% and a negative net margin of 144.58%.The company had revenue of $202.31 million during the quarter, compared to the consensus estimate of $250.74 million. During the same period in the prior year, the firm posted $1.24 EPS. The business's revenue was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that Marathon Digital will post -1.04 earnings per share for the current year.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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