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 business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $15.22, for a total value of $226,580.14. Following the transaction, the director owned 58,103 shares of the company's stock, valued at $884,327.66. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Marathon Digital Trading Down 0.4%

Shares of Marathon Digital stock traded down $0.07 during trading hours on Wednesday, hitting $15.86. The company's stock had a trading volume of 59,121,409 shares, compared to its average volume of 51,405,252. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $16.72 and a 200 day moving average of $14.97. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28.

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

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Marathon Digital from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $19.00 to $22.00 in a report on Monday, July 28th. Piper Sandler increased their target price on Marathon Digital from $23.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price target on shares of Marathon Digital in a report on Wednesday, July 30th. Compass Point upgraded Marathon Digital from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $9.50 to $18.00 in a report on Friday, July 25th. Finally, Macquarie lifted their target price on Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.50.

Hedge Funds Weigh In On Marathon Digital

Institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in shares of Marathon Digital in the fourth quarter valued at approximately $27,000. Fifth Third Bancorp boosted its position in Marathon Digital by 59.9% during the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider's stock worth $29,000 after purchasing an additional 683 shares during the period. Estabrook Capital Management acquired a new position in shares of Marathon Digital in the second quarter valued at $31,000. IFP Advisors Inc raised its position in shares of Marathon Digital by 375.4% in the second quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider's stock valued at $40,000 after purchasing an additional 2,001 shares during the period. Finally, CX Institutional acquired a new stake in shares of Marathon Digital during the 1st quarter worth about $68,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About Marathon Digital

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.

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