Key Points
- CFO Salman Hassan Khan sold 16,000 shares on March 17 at an average price of $9.18 for $146,880, trimming his stake by 4.45% to 343,165 shares; he also sold 16,000 shares on Feb. 17 at $7.66.
- Marathon reported a major quarterly EPS miss, posting ($4.52) vs. a ($0.23) consensus, with revenue of $202.31M below estimates and a negative net margin of 144.58%; the stock has wide 12‑month trading range and opened at $9.01.
- Analyst sentiment is mixed: the consensus rating is “Hold” with a $20 target, while firms range from Morgan Stanley’s $8/“underweight” to Compass Point’s $30/“buy.”
Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,000 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total transaction of $146,880.00. Following the transaction, the chief financial officer directly owned 343,165 shares of the company's stock, valued at $3,150,254.70. This represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Salman Hassan Khan also recently made the following trade(s):
- On Tuesday, February 17th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The shares were sold at an average price of $7.66, for a total value of $122,560.00.
Marathon Digital Stock Down 2.2%
Shares of MARA stock opened at $9.01 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of -2.28 and a beta of 5.51. Marathon Digital Holdings, Inc. has a 12-month low of $6.66 and a 12-month high of $23.45. The firm has a fifty day moving average of $9.07 and a 200-day moving average of $12.83. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.92.
Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($4.29). Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The firm had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. During the same quarter in the prior year, the business earned $1.24 EPS. The business's revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently commented on MARA. HC Wainwright reiterated a "neutral" rating on shares of Marathon Digital in a research note on Friday, February 27th. Morgan Stanley started coverage on Marathon Digital in a report on Monday, February 9th. They set an "underweight" rating and a $8.00 price objective for the company. Cantor Fitzgerald cut their price target on shares of Marathon Digital from $21.00 to $11.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. 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 report on Monday, November 24th. Finally, Compass Point raised shares of Marathon Digital from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Monday, November 24th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.00.
Read Our Latest Report on Marathon Digital
Institutional Trading of Marathon Digital
A number of large investors have recently modified their holdings of MARA. Hollencrest Capital Management grew its holdings in shares of Marathon Digital by 2,407.4% during the third quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider's stock worth $25,000 after purchasing an additional 1,300 shares during the last quarter. Estabrook Capital Management purchased a new stake in Marathon Digital during the second quarter worth about $31,000. Bessemer Group Inc. boosted its position 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 worth $33,000 after purchasing an additional 659 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Marathon Digital during the fourth quarter worth about $36,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Marathon Digital by 344.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider's stock worth $45,000 after acquiring an additional 3,893 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.
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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