Marathon Digital (NASDAQ:MARA) Trading 2.1% Higher – What’s Next?

Posted by Francis Steltz on May 21st, 2026

Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) traded up 2.1% during trading on Tuesday . The stock traded as high as $12.59 and last traded at $12.44. 34,992,647 shares were traded during mid-day trading, a decline of 25% from the average session volume of 46,581,594 shares. The stock had previously closed at $12.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Cantor Fitzgerald dropped their target price on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Rosenblatt Securities upped their target price on Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 1st. HC Wainwright reiterated a “neutral” rating on shares of Marathon Digital in a research note on Friday, February 27th. Morgan Stanley dropped their target price on Marathon Digital from $8.50 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings lowered Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Marathon Digital currently has a consensus rating of “Hold” and a consensus target price of $18.38.

Check Out Our Latest Stock Report on Marathon Digital

Marathon Digital Price Performance

The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of -2.37 and a beta of 5.41. The company has a 50 day moving average of $10.52 and a 200 day moving average of $10.48. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.99.

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 the consensus estimate of ($0.23) by ($4.29). The firm had revenue of $202.31 million for the quarter, compared to analyst estimates of $250.74 million. Marathon Digital had a negative return on equity of 23.20% and a negative net margin of 234.83%.The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. As a group, equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $12.00, for a total transaction of $330,060.00. Following the completion of the sale, the chief executive officer directly owned 4,589,514 shares in the company, valued at $55,074,168. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $12.00, for a total value of $192,000.00. Following the sale, the chief financial officer owned 425,066 shares of the company’s stock, valued at $5,100,792. This represents a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 180,855 shares of company stock worth $2,033,654 over the last three months. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Marathon Digital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in Marathon Digital by 56.8% in the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 659 shares during the period. Smartleaf Asset Management LLC boosted its stake in Marathon Digital by 15.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 5,812 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 799 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Marathon Digital by 3.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,389 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 882 shares in the last quarter. United Capital Management of KS Inc. boosted its stake in Marathon Digital by 2.4% during the 3rd quarter. United Capital Management of KS Inc. now owns 40,054 shares of the business services provider’s stock valued at $731,000 after purchasing an additional 937 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in Marathon Digital by 7.6% during the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 957 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.