Key Points
- CEO Frederick Thiel sold 27,505 shares on January 20 at an average price of $10.80 for $297,054, reducing his stake by 0.78% while still owning 3,517,566 shares valued at about $37.99M.
- Marathon stock opened at $10.29, trades in a one‑year range of $8.95–$23.45, has a market cap of $3.89B, a PE of 5.72 and a beta of 5.34, with 50‑day/200‑day moving averages of $10.78 and $15.12.
- The company reported an EPS loss of ($0.32) versus estimates of ($0.26) and slightly missed revenue expectations; analysts' consensus is a Moderate Buy with an average target of $22.44.
Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $10.80, for a total transaction of $297,054.00. Following the completion of the sale, the chief executive officer directly owned 3,517,566 shares of the company's stock, valued at $37,989,712.80. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Marathon Digital Stock Performance
MARA stock opened at $10.29 on Friday. Marathon Digital Holdings, Inc. has a 1-year low of $8.95 and a 1-year high of $23.45. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3.89 billion, a PE ratio of 5.72 and a beta of 5.34. The business's 50-day moving average price is $10.78 and its two-hundred day moving average price is $15.12.
Marathon Digital (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results 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). Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%.The business had revenue of $252.41 million for the quarter, compared to analyst estimates of $254.58 million. As a group, research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MARA. Macquarie lifted their target price on Marathon Digital from $26.00 to $29.00 and gave the company an "outperform" rating in a research report on Wednesday, October 22nd. Guggenheim started coverage on Marathon Digital in a research note on Tuesday, October 21st. They set a "neutral" rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Marathon Digital from $20.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, November 24th. Cantor Fitzgerald dropped their price target on shares of Marathon Digital from $30.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Marathon Digital in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.44.
Check Out Our Latest Research Report on Marathon Digital
Hedge Funds Weigh In On Marathon Digital
Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Marathon Digital by 8.4% in the second 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 buying an additional 177,771 shares during the period. Emerald Advisers LLC boosted its position in shares of Marathon Digital by 77.4% during the 2nd 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 in the last quarter. Emerald Mutual Fund Advisers Trust grew 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 during the period. Mizuho Markets Americas LLC bought a new position in shares of Marathon Digital during the 3rd quarter worth approximately $5,438,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Marathon Digital by 12.0% during the 2nd quarter. New York State Teachers Retirement System now owns 318,656 shares of the business services provider's stock worth $4,997,000 after buying an additional 34,100 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.
Marathon Digital Company Profile
(
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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