Marathon Digital (NASDAQ:MARA) Stock Price Up 10.4% - Here's Why

Key Points

• Shares of Marathon Digital jumped 10.4% on Friday to about $9.91, trading as high as $9.99 on a volume spike of ~44.7M shares (≈27% above average).
• Analyst sentiment is mixed but leans positive: MarketBeat shows a consensus "Moderate Buy" with an average target of $23.56, while individual targets vary widely (roughly $13 to $29) after recent revisions.
• Marathon reported an EPS miss (−$0.32 vs. −$0.26 expected) and slightly lower-than-expected revenue; the company has a $3.75B market cap, a PE of 5.51, recent insider sales, and institutions own about 44.5% of the stock.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares traded up 10.4% during trading on Friday . The company traded as high as $9.99 and last traded at $9.91. 44,657,214 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 35,301,048 shares. The stock had previously closed at $8.98.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MARA shares. BTIG Research restated a "buy" rating and issued a $27.00 target price on shares of Marathon Digital in a research note on Friday, September 5th. Cantor Fitzgerald cut their price objective on Marathon Digital from $30.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 5th. Macquarie increased their target price on Marathon Digital from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Wednesday, October 22nd. Guggenheim began coverage on Marathon Digital in a report on Tuesday, October 21st. They issued a "neutral" rating for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Marathon Digital from $20.00 to $13.00 and set an "overweight" rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.56.

Marathon Digital Stock Up 10.4%

The company has a debt-to-equity ratio of 0.63, a current ratio of 2.09 and a quick ratio of 2.09. The business has a 50 day simple moving average of $12.68 and a 200 day simple moving average of $15.63. The stock has a market cap of $3.75 billion, a PE ratio of 5.51 and a beta of 5.35.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $254.58 million. Marathon Digital had a net margin of 100.82% and a negative return on equity of 2.59%. On average, equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $10.77, for a total transaction of $296,228.85. Following the transaction, the chief executive officer owned 3,555,489 shares of the company's stock, valued at approximately $38,292,616.53. This represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.48, for a total transaction of $398,723.36. Following the sale, the chief financial officer owned 248,566 shares of the company's stock, valued at approximately $2,853,537.68. This represents a 12.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 218,711 shares of company stock worth $3,286,669. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MARA. Vanguard Group Inc. raised its position in shares of Marathon Digital by 9.8% in the third quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider's stock valued at $827,392,000 after purchasing an additional 4,049,979 shares during the period. State Street Corp increased its stake in shares of Marathon Digital by 1.4% during the second quarter. State Street Corp now owns 13,455,176 shares of the business services provider's stock worth $210,977,000 after purchasing an additional 191,380 shares during the period. UBS Group AG lifted its holdings in Marathon Digital by 104.1% during the 3rd quarter. UBS Group AG now owns 12,098,686 shares of the business services provider's stock worth $220,922,000 after purchasing an additional 6,172,110 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Marathon Digital by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,225,303 shares of the business services provider's stock worth $144,669,000 after purchasing an additional 315,499 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Marathon Digital by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 6,781,198 shares of the business services provider's stock valued at $106,329,000 after purchasing an additional 491,245 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

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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