Marathon Digital (NASDAQ:MARA) Stock Price Down 5.6% – Should You Sell?

by · The Markets Daily

Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report)’s stock price fell 5.6% on Friday . The stock traded as low as $11.63 and last traded at $11.74. 37,287,756 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 46,377,637 shares. The stock had previously closed at $12.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MARA shares. Rosenblatt Securities decreased their price target on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Macquarie raised their price objective on shares of Marathon Digital from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Cantor Fitzgerald decreased 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. Guggenheim initiated coverage on shares of Marathon Digital in a research note on Tuesday, October 21st. They set a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Marathon Digital in a research note on Monday, December 1st. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Read Our Latest Stock Report on MARA

Marathon Digital Stock Down 5.6%

The firm’s 50-day moving average price is $16.29 and its two-hundred day moving average price is $16.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market cap of $4.44 billion, a PE ratio of 6.52 and a beta of 5.42.

Marathon Digital (NASDAQ:MARA – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) EPS for the quarter, missing the consensus estimate 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 company had revenue of $252.41 million for the quarter, compared to analyst estimates of $254.58 million. As a group, equities research analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at Marathon Digital

In other news, Director Vicki Mealer-Burke sold 14,887 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $15.22, for a total value of $226,580.14. Following the completion of the sale, the director directly owned 58,103 shares of the company’s stock, valued at approximately $884,327.66. The trade was a 20.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Zabi Nowaid sold 25,113 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.87, for a total value of $398,543.31. Following the completion of the sale, the general counsel directly owned 723,136 shares of the company’s stock, valued at approximately $11,476,168.32. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 234,598 shares of company stock worth $3,876,481 over the last three months. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marathon Digital

A number of hedge funds have recently modified their holdings of MARA. Strategic Investment Solutions Inc. IL raised its position in Marathon Digital by 7,831.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 23,794 shares of the business services provider’s stock valued at $478,000 after purchasing an additional 23,494 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new position in Marathon Digital during the 3rd quarter worth $294,000. Liontrust Investment Partners LLP acquired a new position in Marathon Digital in the third quarter valued at $373,000. Danske Bank A S purchased a new stake in shares of Marathon Digital in the third quarter valued at about $55,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Marathon Digital during the third quarter worth about $304,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Digital Company Profile

(Get Free Report)

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.

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