Key Points
- CEO Frederick Thiel sold 27,505 shares on Dec. 17 at an average price of $10.77 for about $296,229, trimming his stake by 0.77% to 3,555,489 shares (≈$38.29M).
- MARA is trading near its lows — the stock opened at $10.18 with a 12‑month range of $9.61–$23.45, a market cap of ~$3.85B and a high beta (5.42); the shares were reported up ~5.1% on the news.
- Recent earnings and analyst view: Marathon missed quarterly EPS (‑$0.32 vs. ‑$0.26 est.) and slightly missed revenue, while analysts have an average "Moderate Buy" rating with a $23.56 price target and institutions own ~44.5% of the stock.
Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick Thiel sold 27,505 shares of the business's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $10.77, for a total value of $296,228.85. Following the completion of the transaction, the chief executive officer directly owned 3,555,489 shares of the company's stock, valued at approximately $38,292,616.53. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Marathon Digital Stock Up 5.1%
Shares of MARA stock opened at $10.18 on Friday. Marathon Digital Holdings, Inc. has a twelve month low of $9.61 and a twelve month high of $23.45. The stock has a market cap of $3.85 billion, a P/E ratio of 5.66 and a beta of 5.42. The stock has a 50 day moving average of $14.64 and a 200 day moving average of $16.01. 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 (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.06). The firm had revenue of $252.41 million for the quarter, compared to analyst estimates of $254.58 million. Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%. As a group, sell-side analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.
Analyst Ratings Changes
Several brokerages have commented on MARA. Guggenheim assumed coverage on Marathon Digital in a report on Tuesday, October 21st. They issued a "neutral" rating on the stock. BTIG Research restated a "buy" rating and set 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 on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. cut their price objective on Marathon Digital from $20.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, November 24th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Marathon Digital in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Marathon Digital has an average rating of "Moderate Buy" and an average price target of $23.56.
Read Our Latest Analysis on Marathon Digital
Institutional Trading of Marathon Digital
Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Marathon Digital by 8.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,286,074 shares of the business services provider's stock valued at $35,846,000 after acquiring an additional 177,771 shares during the period. Emerald Advisers LLC raised its position in Marathon Digital by 77.4% in the second quarter. Emerald Advisers LLC now owns 579,571 shares of the business services provider's stock valued at $9,088,000 after purchasing an additional 252,864 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake in Marathon Digital by 91.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 347,214 shares of the business services provider's stock worth $5,444,000 after purchasing an additional 165,688 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Marathon Digital by 14.5% during the first quarter. Intech Investment Management LLC now owns 160,717 shares of the business services provider's stock worth $1,848,000 after buying an additional 20,413 shares during the period. Finally, New York State Teachers Retirement System grew its stake in shares of Marathon Digital by 12.0% in the second quarter. New York State Teachers Retirement System now owns 318,656 shares of the business services provider's stock valued at $4,997,000 after buying an additional 34,100 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.
About Marathon Digital
(
Get Free Report)
Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.
The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.
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