Marathon Digital (NASDAQ:MARA) Trading Down 7.1% – Time to Sell?

Marathon Digital Holdings, Inc. (NASDAQ:MARA)’s stock price fell 7.1% during mid-day trading on Monday . The company traded as low as $10.58 and last traded at $10.70. 44,391,861 shares changed hands during trading, a decline of 4% from the average session volume of 46,241,480 shares. The stock had previously closed at $11.52.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Macquarie upped their price objective on Marathon Digital from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Marathon Digital in a research report on Monday, December 8th. BTIG Research restated a “buy” rating and issued a $27.00 price target on shares of Marathon Digital in a research report on Friday, September 5th. Compass Point upgraded Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Marathon Digital from $20.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Marathon Digital Trading Down 7.1%

The business has a 50 day moving average of $15.61 and a two-hundred day moving average of $16.18. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 5.94 and a beta of 5.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.09 and a current ratio of 2.09.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.06). Marathon Digital had a net margin of 100.82% and a negative return on equity of 2.59%. The firm had revenue of $252.41 million for the quarter, compared to the consensus estimate of $254.58 million. Equities analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $11.99, for a total transaction of $416,436.68. Following the transaction, the chief financial officer directly owned 283,298 shares in the company, valued at approximately $3,396,743.02. This trade represents a 10.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Zabi Nowaid sold 25,113 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.87, for a total transaction of $398,543.31. Following the completion of the sale, the general counsel owned 723,136 shares of the company’s stock, valued at approximately $11,476,168.32. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 183,979 shares of company stock valued at $3,069,753. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Marathon Digital

A number of large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL lifted its position in Marathon Digital by 7,831.3% during the third quarter. Strategic Investment Solutions Inc. IL now owns 23,794 shares of the business services provider’s stock valued at $478,000 after purchasing an additional 23,494 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new stake in shares of Marathon Digital during the 3rd quarter valued at $294,000. Liontrust Investment Partners LLP bought a new stake in shares of Marathon Digital during the 3rd quarter worth $373,000. Danske Bank A S purchased a new position in Marathon Digital in the third quarter worth $55,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Marathon Digital in the third quarter worth $304,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.