Marathon Digital Holdings, Inc. (NASDAQ:MARA) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Marathon Digital Holdings has a consensus rating of "Moderate Buy" from eleven research firms, with an average 12-month target price of $24.30.
• In its latest earnings report, Marathon Digital posted an EPS of $1.84, surpassing expectations by $2.13, and its revenue rose by 64.0% year-over-year.
• Insider transactions show the CFO and CEO sold shares recently, resulting in a 9.83% and 0.73% reduction in their stock ownership, respectively.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.30.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Marathon Digital from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday. BTIG Research restated a "buy" rating and set a $27.00 price target on shares of Marathon Digital in a research note on Friday, September 5th. Cantor Fitzgerald boosted their price target on Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Macquarie boosted their price target on Marathon Digital from $19.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Compass Point assumed coverage on Marathon Digital in a research note on Monday, September 15th. They set a "neutral" rating and a $18.00 price target on the stock.

Marathon Digital Price Performance

MARA opened at $16.13 on Monday. The business's 50-day moving average is $16.38 and its two-hundred day moving average is $15.27. Marathon Digital has a 1 year low of $9.81 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $5.98 billion, a PE ratio of 14.53 and a beta of 6.36.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $2.13. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. During the same quarter in the previous year, the firm earned ($0.72) earnings per share. The firm's quarterly revenue was up 64.0% compared to the same quarter last year. Research analysts anticipate that Marathon Digital will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at Marathon Digital

In related news, CFO Salman Hassan Khan sold 34,732 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $16.24, for a total value of $564,047.68. Following the sale, the chief financial officer owned 318,428 shares in the company, valued at $5,171,270.72. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $17.38, for a total value of $478,036.90. Following the completion of the sale, the chief executive officer owned 3,755,789 shares in the company, valued at approximately $65,275,612.82. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,598 shares of company stock worth $3,483,548. Insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On Marathon Digital

A number of large investors have recently bought and sold shares of the company. Corient Private Wealth LLC purchased a new stake in Marathon Digital in the second quarter valued at approximately $323,000. WT Wealth Management boosted its position in Marathon Digital by 25.9% in the second quarter. WT Wealth Management now owns 15,269 shares of the business services provider's stock valued at $239,000 after buying an additional 3,143 shares during the last quarter. Osaic Holdings Inc. boosted its position in Marathon Digital by 38.6% in the second quarter. Osaic Holdings Inc. now owns 4,816 shares of the business services provider's stock valued at $76,000 after buying an additional 1,340 shares during the last quarter. Total Investment Management Inc. purchased a new stake in Marathon Digital in the second quarter valued at approximately $151,000. Finally, Thrivent Financial for Lutherans boosted its position in Marathon Digital by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 258,778 shares of the business services provider's stock valued at $4,058,000 after buying an additional 9,495 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

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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