Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price was up 3% during trading on Friday . The company traded as high as $15.70 and last traded at $15.48. Approximately 12,655,958 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 73,479,305 shares. The stock had previously closed at $15.03.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on MARA shares. JPMorgan Chase & Co. upped their price objective on shares of Marathon Digital from $16.00 to $16.50 and gave the company an "underweight" rating in a research note on Wednesday, April 10th. StockNews.com cut shares of Marathon Digital from a "hold" rating to a "sell" rating in a report on Monday. Chardan Capital raised their price target on shares of Marathon Digital from $26.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. HC Wainwright restated a "buy" rating and issued a $35.00 price target on shares of Marathon Digital in a report on Tuesday, March 19th. Finally, BTIG Research upgraded shares of Marathon Digital from a "neutral" rating to a "buy" rating and set a $27.00 price target for the company in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.11.
Read Our Latest Stock Analysis on Marathon Digital
Marathon Digital Trading Up 9.8 %
The firm has a market cap of $4.42 billion, a P/E ratio of 19.64 and a beta of 5.36. The company has a quick ratio of 30.51, a current ratio of 30.50 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $21.94 and its 200 day simple moving average is $17.37.
Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.07). Marathon Digital had a net margin of 48.93% and a negative return on equity of 4.61%. The business had revenue of $156.77 million during the quarter, compared to the consensus estimate of $138.15 million. As a group, analysts expect that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current year.
Institutional Trading of Marathon Digital
Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealthstar Advisors LLC bought a new stake in shares of Marathon Digital in the first quarter valued at approximately $248,000. United Capital Management of KS Inc. grew its stake in Marathon Digital by 49.9% during the first quarter. United Capital Management of KS Inc. now owns 19,088 shares of the business services provider's stock valued at $431,000 after acquiring an additional 6,350 shares in the last quarter. Diversified Trust Co grew its stake in Marathon Digital by 27.4% during the first quarter. Diversified Trust Co now owns 38,355 shares of the business services provider's stock valued at $866,000 after acquiring an additional 8,255 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in Marathon Digital during the first quarter valued at approximately $624,000. Finally, Pasadena Private Wealth LLC grew its stake in Marathon Digital by 25.2% during the first quarter. Pasadena Private Wealth LLC now owns 12,609 shares of the business services provider's stock valued at $285,000 after acquiring an additional 2,537 shares in the last quarter. Institutional investors own 44.53% of the company's stock.
About Marathon Digital
(
Get Free Report)
Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.
Featured Stories
Before you consider Marathon Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marathon Digital wasn't on the list.
While Marathon Digital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
