Vicki Mealer-Burke Sells 14,887 Shares of Marathon Digital (NASDAQ:MARA) Stock

Key Points

• Vicki Mealer-Burke, a director at Marathon Digital, sold 14,887 shares of stock, reducing her ownership by 20.40% and netting approximately $226,580.
• Marathon Digital reported a 64% year-over-year revenue increase for its last quarter, with earnings per share of $1.84, significantly surpassing estimates.
• Research analysts have issued generally positive ratings on Marathon Digital, with multiple upgrades and a consensus price target of $24.50.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) Director Vicki Mealer-Burke sold 14,887 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $15.22, for a total value of $226,580.14. Following the completion of the transaction, the director directly owned 58,103 shares in the company, valued at $884,327.66. The trade was a 20.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Marathon Digital Price Performance

Shares of MARA stock traded up $0.60 during trading on Friday, hitting $16.31. The company had a trading volume of 70,450,943 shares, compared to its average volume of 54,163,176. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $6.04 billion, a P/E ratio of 14.69 and a beta of 6.36. The stock's 50-day moving average price is $16.65 and its 200 day moving average price is $15.04. Marathon Digital Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MARA. Dimensional Fund Advisors LP lifted its stake in shares of Marathon Digital by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 207,839 shares of the business services provider's stock valued at $3,485,000 after acquiring an additional 3,998 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Marathon Digital in the 4th quarter valued at $306,000. Ameriprise Financial Inc. lifted its stake in shares of Marathon Digital by 1.5% in the 4th quarter. Ameriprise Financial Inc. now owns 957,213 shares of the business services provider's stock valued at $16,052,000 after acquiring an additional 14,112 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Marathon Digital in the 4th quarter valued at $839,000. Finally, Baird Financial Group Inc. lifted its stake in shares of Marathon Digital by 13.2% in the 4th quarter. Baird Financial Group Inc. now owns 10,620 shares of the business services provider's stock valued at $178,000 after acquiring an additional 1,238 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MARA has been the topic of several recent analyst reports. Macquarie raised their target price 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. Piper Sandler raised their target price on shares of Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Marathon Digital in a research note on Wednesday, July 30th. Cantor Fitzgerald upped their target price on Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Compass Point upgraded Marathon Digital from a "sell" rating to a "neutral" rating and upped their target price for the stock from $9.50 to $18.00 in a research note on Friday, July 25th. Seven 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.50.

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.