Marathon Digital (NASDAQ:MARA) Shares Down 11.2% – Here’s What Happened

Posted by Brenda Bartman on Jun 7th, 2026

Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) were down 11.2% on Friday . The stock traded as low as $11.84 and last traded at $12.32. Approximately 40,896,758 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 45,900,613 shares. The stock had previously closed at $13.88.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MARA shares. BTIG Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research note on Monday, June 1st. Cantor Fitzgerald cut their price objective on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings cut shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 12th. Morgan Stanley decreased their target price on shares of Marathon Digital from $8.50 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, May 19th. Finally, Rosenblatt Securities increased their price target on shares of Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.38.

Read Our Latest Analysis on MARA

Marathon Digital Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $4.70 billion, a P/E ratio of -2.15 and a beta of 5.38. The firm has a 50 day moving average price of $11.66 and a 200-day moving average price of $10.42.

Insider Buying and Selling at Marathon Digital

In other news, General Counsel Zabi Nowaid sold 42,090 shares of Marathon Digital stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $12.00, for a total value of $505,080.00. Following the transaction, the general counsel owned 1,007,047 shares of the company’s stock, valued at $12,084,564. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $9.18, for a total transaction of $252,495.90. Following the completion of the sale, the chief executive officer owned 4,788,954 shares of the company’s stock, valued at $43,962,597.72. The trade was a 0.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 180,855 shares of company stock worth $2,033,654 over the last 90 days. 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 made changes to their positions in the business. Bessemer Group Inc. lifted its position in shares of Marathon Digital by 56.8% during the 3rd 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Marathon Digital by 15.9% during the third quarter. Smartleaf Asset Management LLC now owns 5,812 shares of the business services provider’s stock worth $108,000 after buying an additional 799 shares during the last quarter. United Capital Management of KS Inc. lifted its holdings in shares of Marathon Digital by 2.4% during the third quarter. United Capital Management of KS Inc. now owns 40,054 shares of the business services provider’s stock worth $731,000 after buying an additional 937 shares during the last quarter. CI Investments Inc. boosted its position in shares of Marathon Digital by 7.6% in the first quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 957 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Marathon Digital by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 991 shares during the period. 44.53% of the stock is 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.