Marathon Digital (NASDAQ:MARA) Trading Up 17.6% – Here’s Why

Posted by Geri Gentry on Jul 30th, 2026

Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) were up 17.6% on Thursday . The company traded as high as $12.03 and last traded at $11.82. Approximately 45,131,623 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 46,189,199 shares. The stock had previously closed at $10.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald decreased their target price on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Rosenblatt Securities lifted their price target on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 1st. BTIG Research restated a “buy” rating and issued a $27.00 price objective on shares of Marathon Digital in a research note on Monday, June 1st. Piper Sandler decreased their price objective on shares of Marathon Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Finally, Citizens Jmp started coverage on shares of Marathon Digital in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

View Our Latest Research Report on MARA

Marathon Digital Stock Performance

The firm’s 50 day moving average price is $13.21 and its 200-day moving average price is $11.01. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of -2.07 and a beta of 5.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.84.

Insider Activity at Marathon Digital

In other news, General Counsel Zabi Nowaid sold 8,250 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $12.00, for a total transaction of $99,000.00. Following the transaction, the general counsel owned 970,768 shares in the company, valued at approximately $11,649,216. The trade was a 0.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas K. Mellinger sold 7,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $16.00, for a total transaction of $112,000.00. Following the transaction, the director directly owned 231,618 shares of the company’s stock, valued at $3,705,888. This represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 109,260 shares of company stock worth $1,452,756. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marathon Digital

Large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new stake in shares of Marathon Digital during the 1st quarter worth approximately $28,000. Bogart Wealth LLC raised its stake in shares of Marathon Digital by 4,345.1% in the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 3,954 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Marathon Digital in the fourth quarter worth $36,000. Hantz Financial Services Inc. lifted its position in Marathon Digital by 344.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock worth $45,000 after purchasing an additional 3,893 shares during the period. Finally, CoreCap Advisors LLC boosted its stake in Marathon Digital by 128.0% during the second quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider’s stock worth $51,000 after buying an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

About Marathon Digital

(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.