Marathon Digital (NASDAQ:MARA) Stock Price Up 8.7% – Here’s Why

02 Jan 2026, 18:50 by Sarita Garza · The Markets Daily

Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report)’s share price rose 8.7% on Friday . The company traded as high as $9.78 and last traded at $9.7580. Approximately 15,093,023 shares traded hands during trading, a decline of 57% from the average daily volume of 35,301,048 shares. The stock had previously closed at $8.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Guggenheim assumed coverage on Marathon Digital in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. Macquarie increased their price objective on shares of Marathon Digital from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. BTIG Research reiterated a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a report on Friday, September 5th. Cantor Fitzgerald lowered their price objective on shares of Marathon Digital from $30.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities reduced their target price on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.56.

Read Our Latest Research Report on Marathon Digital

Marathon Digital Stock Performance

The company has a fifty day moving average of $12.68 and a two-hundred day moving average of $15.63. The stock has a market capitalization of $3.71 billion, a P/E ratio of 5.45 and a beta of 5.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.09 and a quick ratio of 2.09.

Marathon Digital (NASDAQ:MARA – Get Free Report) last released its earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share 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 business had revenue of $252.41 million for the quarter, compared to the consensus estimate of $254.58 million. On average, equities analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, General Counsel Zabi Nowaid sold 25,113 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $15.87, for a total value of $398,543.31. Following the sale, the general counsel owned 723,136 shares in the company, valued at approximately $11,476,168.32. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $10.77, for a total transaction of $296,228.85. Following the completion of the sale, the chief executive officer directly owned 3,555,489 shares of the company’s stock, valued at $38,292,616.53. The trade was a 0.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 218,711 shares of company stock worth $3,286,669 over the last ninety days. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Marathon Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position 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 worth $35,846,000 after purchasing an additional 177,771 shares during the period. Emerald Advisers LLC raised its stake in shares of Marathon Digital by 77.4% in the 2nd quarter. Emerald Advisers LLC now owns 579,571 shares of the business services provider’s stock worth $9,088,000 after buying an additional 252,864 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Marathon Digital by 91.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 347,214 shares of the business services provider’s stock valued at $5,444,000 after buying an additional 165,688 shares during the period. Intech Investment Management LLC grew its holdings in 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 acquiring an additional 20,413 shares during the period. Finally, New York State Teachers Retirement System raised its position in 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 worth $4,997,000 after acquiring an additional 34,100 shares in the last quarter. 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.