Key Points
- Marathon Digital’s general counsel sold 8,376 shares at an average of $12, generating $100,512; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and left the executive with 898,780 shares.
- The company’s latest quarterly results were weak: revenue fell 26.7% year over year to $174.88 million, while its $1.60-per-share loss was substantially worse than analysts’ expected $0.17 profit.
- Analysts maintain a “Moderate Buy” consensus with an average $18.78 price target, although ratings range from Morgan Stanley’s $6 “underweight” to BTIG’s $27 “buy”; institutional investors own 44.53% of the stock.
Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $12.00, for a total transaction of $100,512.00. Following the sale, the general counsel directly owned 898,780 shares in the company, valued at $10,785,360. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zabi Nowaid also recently made the following trade(s):
- On Wednesday, June 17th, Zabi Nowaid sold 7,000 shares of Marathon Digital stock. The shares were sold at an average price of $14.25, for a total transaction of $99,750.00.
Marathon Digital Trading Up 1.0%
Shares of MARA stock opened at $11.26 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $4.35 billion, a P/E ratio of -1.23 and a beta of 5.40. The company has a 50 day moving average price of $12.04 and a 200 day moving average price of $10.99. Marathon Digital Holdings, Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $23.45.
Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). The business had revenue of $174.88 million for the quarter, compared to analysts' expectations of $209.44 million. Marathon Digital had a negative return on equity of 26.05% and a negative net margin of 429.71%.Marathon Digital's quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 earnings per share. Equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.24 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MARA. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 target price on shares of Marathon Digital in a report on Friday, August 7th. Citizens Jmp began coverage on Marathon Digital in a report on Wednesday, June 24th. They set a "market outperform" rating and a $24.00 price target on the stock. Piper Sandler reduced their price target on Marathon Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, July 17th. BTIG Research reaffirmed a "buy" rating and issued a $27.00 price target on shares of Marathon Digital in a research report on Monday, June 1st. Finally, Morgan Stanley lifted their price objective on Marathon Digital from $5.50 to $6.00 and gave the company an "underweight" rating in a research note on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.78.
View Our Latest Analysis on MARA
Trending Headlines about Marathon Digital
Here are the key news stories impacting Marathon Digital this week:
- Positive Sentiment: Bitcoin’s strong advance provided a favorable backdrop for Marathon’s mining business and helped propel MARA higher in recent sessions. Crypto-linked equities also benefited from renewed optimism that Congress could advance the Clarity Act, which would establish a clearer U.S. regulatory framework for digital assets. Crypto stocks rally as Bitcoin breaks out Bitcoin and crypto shares climb after Clarity Act push
- Neutral Sentiment: Marathon’s expansion into AI data-center and power infrastructure could diversify revenue beyond Bitcoin mining. However, the recent split among mining stocks shows investors are questioning the economics, funding requirements and execution risk of these AI-related projects rather than automatically rewarding the strategy. Bitcoin miners diverge as investors weigh AI strategies
- Negative Sentiment: Marathon’s latest quarterly results remain a significant overhang. Revenue declined 26.7% year over year to $174.88 million, missing the $209.44 million consensus estimate, while the company reported a $1.60-per-share loss versus expectations for a $0.17 profit. Analysts project a full-year loss of about $1.24 per share, reinforcing concerns about profitability and valuation. MARA earnings miss
- Negative Sentiment: CEO Frederick Thiel sold 27,505 shares and CFO Salman Hassan Khan sold 16,000 shares at approximately $9.21 under pre-arranged Rule 10b5-1 plans. Both executives retained substantial holdings, limiting the significance of the sales, but the transactions may modestly weigh on sentiment. MARA CFO insider sale MARA CEO insider sale
Institutional Investors Weigh In On Marathon Digital
A number of large investors have recently modified their holdings of the company. Quantinno Capital Management LP grew its stake in shares of Marathon Digital by 315.5% during the first quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider's stock worth $1,359,000 after purchasing an additional 126,482 shares in the last quarter. New York State Teachers Retirement System raised its stake in Marathon Digital by 28.9% in the fourth quarter. New York State Teachers Retirement System now owns 427,726 shares of the business services provider's stock valued at $3,841,000 after buying an additional 95,970 shares in the last quarter. Vanguard Group Inc. raised its stake in Marathon Digital by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 46,706,277 shares of the business services provider's stock valued at $419,422,000 after buying an additional 1,394,559 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Marathon Digital in the fourth quarter valued at $831,000. Finally, Intech Investment Management LLC lifted its holdings in Marathon Digital by 56.2% during the 4th quarter. Intech Investment Management LLC now owns 213,066 shares of the business services provider's stock worth $1,913,000 after buying an additional 76,670 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.
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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