Marathon Digital (NASDAQ:MARA) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Marathon Digital has received a "hold (c)" rating reaffirmed by Weiss Ratings, while several analysts have provided a range of target prices from $18.00 to $30.00, reflecting a general optimism about the stock's performance.
• The company reported a quarterly earnings per share (EPS) of $1.84, significantly exceeding the consensus estimate and showing a 64% increase in revenue compared to the same quarter last year.
• Insider trading activity includes CEO Frederick G. Thiel selling over 27,500 shares, representing a 0.72% decrease in his ownership, alongside other executives reducing their stakes in the company.

Marathon Digital (NASDAQ:MARA - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on MARA. Compass Point started coverage on shares of Marathon Digital in a research report on Monday, September 15th. They set a "neutral" rating and a $18.00 price target on the stock. Macquarie raised their target price on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 target price on shares of Marathon Digital in a report on Wednesday, July 30th. Piper Sandler raised their target price on shares of Marathon Digital from $23.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald raised their target price on shares of Marathon Digital from $28.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.40.

Marathon Digital Stock Performance

Shares of MARA stock opened at $20.20 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. Marathon Digital has a one year low of $9.81 and a one year high of $30.28. The company's 50-day simple moving average is $16.64 and its 200-day simple moving average is $15.60. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 18.20 and a beta of 6.33.

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

Insider Activity at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $15.28, for a total transaction of $420,276.40. Following the transaction, the chief executive officer owned 3,810,799 shares in the company, valued at $58,229,008.72. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $16.24, for a total transaction of $564,047.68. Following the completion of the transaction, the chief financial officer owned 318,428 shares in the company, valued at approximately $5,171,270.72. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,598 shares of company stock worth $3,486,838 over the last quarter. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MARA. GAMMA Investing LLC grew its position in Marathon Digital by 708.0% in the first quarter. GAMMA Investing LLC now owns 103,776 shares of the business services provider's stock worth $1,193,000 after buying an additional 90,932 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Marathon Digital by 3.5% during the 1st quarter. Yousif Capital Management LLC now owns 125,578 shares of the business services provider's stock valued at $1,444,000 after buying an additional 4,297 shares during the period. CX Institutional acquired a new stake in shares of Marathon Digital in the 1st quarter valued at $68,000. Bellecapital International Ltd. acquired a new stake in shares of Marathon Digital in the 1st quarter valued at $130,000. Finally, Tobam lifted its stake in shares of Marathon Digital by 128.1% in the 1st quarter. Tobam now owns 23,435 shares of the business services provider's stock valued at $270,000 after purchasing an additional 13,159 shares during the last quarter. Institutional investors and hedge funds 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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