Marathon Digital Holdings, Inc. (NASDAQ:MARA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $23.50.

Several research analysts have recently issued reports on MARA shares. Compass Point raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, November 24th. Macquarie upped their price target on Marathon Digital from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, November 24th. Cantor Fitzgerald lowered their price objective on Marathon Digital from $30.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Marathon Digital in a research report on Friday, September 5th.

Marathon Digital Trading Down 7.1%

NASDAQ:MARA opened at $9.93 on Friday. The company has a 50-day moving average price of $15.02 and a 200-day moving average price of $16.08. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 5.52 and a beta of 5.42. 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 has a 12 month low of $9.71 and a 12 month high of $24.84.

Marathon Digital (NASDAQ:MARA) last released its quarterly 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). Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%.The company had revenue of $252.41 million during the quarter, compared to the consensus estimate of $254.58 million. Equities analysts predict that Marathon Digital will post -1.04 EPS for the current year.

Insider Buying and Selling

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.48, for a total value of $398,723.36. Following the sale, the chief financial officer owned 248,566 shares in the company, valued at approximately $2,853,537.68. This represents a 12.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $11.99, for a total transaction of $329,784.95. Following the transaction, the chief executive officer owned 3,582,994 shares of the company’s stock, valued at $42,960,098.06. The trade was a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 191,206 shares of company stock valued at $2,990,440 over the last quarter. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Marathon Digital

A number of institutional investors have recently modified their holdings of MARA. Bessemer Group Inc. grew its stake in Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 659 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Marathon Digital by 59.9% during the 2nd 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 last quarter. CX Institutional grew its position in shares of Marathon Digital by 12.6% during the second quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 749 shares in the last quarter. Archer Investment Corp grew its position in shares of Marathon Digital by 10.9% during the second quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 750 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Marathon Digital by 15.9% in the third quarter. Smartleaf Asset Management LLC now owns 5,812 shares of the business services provider’s stock worth $108,000 after purchasing an additional 799 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.