Marathon Digital (NASDAQ:MARA) Stock Price Down 1.9% - Should You Sell?

Key Points

• Marathon Digital Holdings, Inc. shares fell 1.9% to $15.44, with trading volume down 77% from average levels.
• Analysts have raised Marathon Digital's price targets, with consensus now at $24.22, reflecting a "Moderate Buy" rating.
• Despite a net margin of 85.02%, the company is expected to post a -1.04 EPS for the fiscal year based on analysts' projections.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares fell 1.9% on Friday . The stock traded as low as $15.45 and last traded at $15.44. 9,776,511 shares changed hands during trading, a decline of 77% from the average session volume of 41,928,438 shares. The stock had previously closed at $15.75.

Analysts Set New Price Targets

A number of research analysts have recently commented on MARA shares. 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. Piper Sandler increased 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. 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. Compass Point raised shares of Marathon Digital from a "sell" rating to a "neutral" rating and increased their target price for the stock from $9.50 to $18.00 in a report on Friday, July 25th. Finally, Macquarie raised their price objective on shares of Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.22.

Marathon Digital Price Performance

The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 14.19 and a beta of 6.24. The business's 50-day simple moving average is $16.61 and its two-hundred day simple moving average is $15.13. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47.

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

Insider Buying and Selling at Marathon Digital

In other news, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $19.05, for a total value of $661,644.60. Following the completion of the sale, the chief financial officer owned 324,572 shares in the company, valued at $6,183,096.60. The trade was a 9.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $19.52, for a total transaction of $536,897.60. Following the completion of the sale, the chief executive officer owned 3,946,504 shares of the company's stock, valued at $77,035,758.08. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,475 shares of company stock valued at $2,219,517 in the last quarter. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of Marathon Digital

Several hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in Marathon Digital by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 239,195 shares of the business services provider's stock worth $4,011,000 after acquiring an additional 75,668 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Marathon Digital during the 4th quarter worth $364,000. Raymond James Financial Inc. bought a new stake in shares of Marathon Digital during the 4th quarter worth $1,408,000. Sterling Capital Management LLC raised its stake in Marathon Digital by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,426 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in Marathon Digital in the 4th quarter valued at about $311,000. 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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