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

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.94.

MARA has been the subject of a number of research analyst reports. Compass Point reaffirmed a "sell" rating and issued a $9.50 target price (down from $25.00) on shares of Marathon Digital in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Marathon Digital from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, June 13th. Needham & Company LLC reissued a "hold" rating on shares of Marathon Digital in a research report on Thursday, February 27th. Rosenblatt Securities increased their price objective on Marathon Digital from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Barclays raised their price objective on Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th.

Insider Activity

In other news, Director Douglas K. Mellinger sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the sale, the director now directly owns 176,859 shares of the company's stock, valued at $2,829,744. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 55,010 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $825,150.00. Following the completion of the sale, the chief executive officer now owns 4,146,804 shares of the company's stock, valued at $62,202,060. This trade represents a 1.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,853 shares of company stock worth $3,054,629. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On Marathon Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Services Automobile Association raised its position in Marathon Digital by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock worth $320,000 after buying an additional 635 shares during the last quarter. Ranch Capital Advisors Inc. raised its stake in shares of Marathon Digital by 5.8% during the 1st quarter. Ranch Capital Advisors Inc. now owns 14,632 shares of the business services provider's stock valued at $168,000 after buying an additional 805 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Marathon Digital by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after buying an additional 878 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Marathon Digital by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider's stock valued at $127,000 after acquiring an additional 991 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in Marathon Digital by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock valued at $244,000 after acquiring an additional 992 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

Marathon Digital Stock Performance

Shares of Marathon Digital stock traded up $0.70 during trading on Friday, reaching $14.88. The company's stock had a trading volume of 43,723,461 shares, compared to its average volume of 45,100,822. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.24 billion, a PE ratio of -10.26 and a beta of 6.62. Marathon Digital has a 52 week low of $9.81 and a 52 week high of $30.28. The business's 50-day moving average price is $14.72 and its 200-day moving average price is $15.81.

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

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.