Marathon Digital (NASDAQ:MARA) Stock Price Down 5.2% Following Weak Earnings

Posted by Francis Steltz on Aug 6th, 2026

Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) shares fell 5.2% during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $10.65 and last traded at $10.65. 35,939,084 shares were traded during trading, a decline of 21% from the average daily volume of 45,681,355 shares. The stock had previously closed at $11.24.

The business services provider reported ($1.60) EPS for the quarter, missing the consensus estimate of $0.17 by ($1.77). Marathon Digital had a negative net margin of 234.83% and a negative return on equity of 23.20%. The firm had revenue of $174.88 million during the quarter, compared to analyst estimates of $209.44 million.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BTIG Research reissued a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a report on Monday, June 1st. Weiss Ratings lowered shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 12th. Rosenblatt Securities upped their price target on Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Piper Sandler cut 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, Morgan Stanley reduced their target price on Marathon Digital from $7.00 to $5.50 and set an “underweight” rating for the company in a report on Wednesday, July 8th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Marathon Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

View Our Latest Analysis on Marathon Digital

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 Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total value of $391,946.25. Following the transaction, the chief executive officer directly owned 4,562,009 shares in the company, valued at $65,008,628.25. This represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,250 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $12.00, for a total value of $99,000.00. Following the completion of the sale, the general counsel directly owned 970,768 shares in the company, valued at approximately $11,649,216. The trade was a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 109,260 shares of company stock valued at $1,452,756 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On Marathon Digital

A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its stake in 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 last quarter. NewEdge Advisors LLC raised its position in Marathon Digital by 65.3% during the first quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 3,032 shares in the last quarter. United Services Automobile Association lifted its stake in Marathon Digital by 8.2% during the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after purchasing an additional 1,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Marathon Digital by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after purchasing an additional 63,903 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Marathon Digital in the 2nd quarter worth about $183,000. Institutional investors own 44.53% of the company’s stock.

Marathon Digital Price 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 stock has a market capitalization of $4.06 billion, a P/E ratio of -1.86 and a beta of 5.40. The firm has a 50-day moving average price of $12.97 and a 200 day moving average price of $11.04.

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.