Marathon Digital (NASDAQ:MARA) Stock Price Down 2.7% - Should You Sell?

Key Points

• Shares fell about 2.7% to $9.86 mid-day and are trading well below their 50‑day ($14.44) and 200‑day ($15.98) moving averages, with volume about 31% below the recent average and a high beta (5.42) signaling elevated volatility.
• Analysts are mixed: several firms cut price targets (e.g., Cantor Fitzgerald to $21, JPMorgan to $13) while Compass Point upgraded to a buy with a $30 target, leaving an overall consensus of "Moderate Buy" and an average target of $23.56.
• Fundamentals show a recent quarterly EPS miss (‑$0.32 vs. ‑$0.26 expected) and notable insider selling (218,711 shares sold in the last 90 days), while institutional investors own about 44.5% of the stock.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price traded down 2.7% during mid-day trading on Tuesday . The stock traded as low as $9.69 and last traded at $9.86. 31,932,678 shares were traded during mid-day trading, a decline of 31% from the average session volume of 46,163,090 shares. The stock had previously closed at $10.13.

Analysts Set New Price Targets

Several brokerages have weighed in on MARA. Cantor Fitzgerald dropped their price target on shares of Marathon Digital from $30.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, November 5th. Guggenheim started coverage on shares of Marathon Digital in a report on Tuesday, October 21st. They set a "neutral" rating for the company. Rosenblatt Securities cut their target price on Marathon Digital from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, November 5th. Compass Point upgraded Marathon Digital from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Marathon Digital from $20.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.56.

Marathon Digital Trading Down 2.8%

The stock's fifty day moving average price is $14.44 and its 200 day moving average price is $15.98. The stock has a market cap of $3.73 billion, a P/E ratio of 5.47 and a beta of 5.42. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.06). The business had revenue of $252.41 million for the quarter, compared to analysts' expectations of $254.58 million. Marathon Digital had a net margin of 100.82% and a negative return on equity of 2.59%. Equities research analysts expect that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In other Marathon Digital news, General Counsel Zabi Nowaid sold 25,113 shares of the business's stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.87, for a total value of $398,543.31. Following the sale, the general counsel directly owned 723,136 shares of the company's stock, valued at approximately $11,476,168.32. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 34,732 shares of the firm's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $11.48, for a total value of $398,723.36. Following the transaction, the chief financial officer owned 248,566 shares of the company's stock, valued at $2,853,537.68. The trade was a 12.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 218,711 shares of company stock worth $3,286,669 in the last 90 days. Insiders own 0.80% of the company's stock.

Institutional Trading of Marathon Digital

Several institutional investors have recently bought and sold shares of MARA. Strategic Investment Solutions Inc. IL increased its stake in Marathon Digital by 7,831.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 23,794 shares of the business services provider's stock valued at $478,000 after purchasing an additional 23,494 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new stake in shares of Marathon Digital during the third quarter valued at approximately $294,000. Liontrust Investment Partners LLP bought a new stake in shares of Marathon Digital during the third quarter valued at approximately $373,000. Danske Bank A S bought a new stake in shares of Marathon Digital during the third quarter valued at approximately $55,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Marathon Digital in the 3rd quarter worth approximately $304,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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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