Marathon Digital (NASDAQ:MARA) Stock Price Down 3.7% - What's Next?

Key Points

• Marathon Digital shares fell 3.7% on Friday to about $9.50 on roughly 37.2M shares traded (about 10% below average), and the stock sits below its 50‑day ($10.67) and 200‑day ($14.84) moving averages with a high beta (5.34).
• Analyst consensus is a "Moderate Buy" — eight Buys and four Holds produce a consensus target of $22.44, though recent price targets range roughly from $21 to $30 after mixed upgrades and downgrades.
• Fundamentals and insider activity warrant caution: the company missed quarterly EPS (loss of $0.32 vs. $0.26 expected), analysts forecast -$1.04 EPS for the year, and insiders sold about 182,979 shares last quarter.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price fell 3.7% on Friday . The company traded as low as $9.32 and last traded at $9.50. 37,153,151 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 41,099,246 shares. The stock had previously closed at $9.86.

Analyst Upgrades and Downgrades

Several research firms recently commented on MARA. Weiss Ratings reiterated a "hold (c-)" rating on shares of Marathon Digital in a research note on Monday, December 29th. Cantor Fitzgerald cut their target price on Marathon Digital from $30.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 5th. Compass Point upgraded Marathon Digital from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Monday, November 24th. Guggenheim assumed coverage on shares of Marathon Digital in a research note on Tuesday, October 21st. They issued a "neutral" rating for the company. Finally, Macquarie upped their price target on shares of Marathon Digital from $26.00 to $29.00 and gave the company an "outperform" rating in a report on Wednesday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.44.

Marathon Digital Trading Down 3.7%

The firm has a market cap of $3.59 billion, a P/E ratio of 5.28 and a beta of 5.34. The business's 50-day moving average is $10.67 and its two-hundred day moving average is $14.84. 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 announced its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.06). The company had revenue of $252.41 million for the quarter, compared to analyst estimates of $254.58 million. Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%. As a group, analysts expect that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 34,732 shares of the company's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $11.99, for a total transaction of $416,436.68. Following the completion of the transaction, the chief financial officer owned 283,298 shares in the company, valued at approximately $3,396,743.02. This represents a 10.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $10.80, for a total transaction of $297,054.00. Following the completion of the sale, the chief executive officer owned 3,517,566 shares in the company, valued at approximately $37,989,712.80. This represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 182,979 shares of company stock valued at $2,234,934. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marathon Digital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its stake in Marathon Digital by 2,407.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider's stock valued at $25,000 after acquiring an additional 1,300 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Marathon Digital by 59.9% during the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider's stock valued at $29,000 after purchasing an additional 683 shares during the period. Estabrook Capital Management bought a new stake in shares of Marathon Digital during the second quarter valued at about $31,000. Bessemer Group Inc. lifted its holdings in Marathon Digital by 56.8% in the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider's stock worth $33,000 after purchasing an additional 659 shares during the period. Finally, IFP Advisors Inc grew its position in Marathon Digital by 375.4% in the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider's stock valued at $40,000 after buying an additional 2,001 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Marathon Digital Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.