Analysts Set Marathon Digital Holdings, Inc. (NASDAQ:MARA) Price Target at $24.30

Marathon Digital Holdings, Inc. (NASDAQ:MARA) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.30.

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. lowered their price target on shares of Marathon Digital from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Macquarie boosted their price objective on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Digital in a research note on Saturday, September 27th. Finally, Compass Point started coverage on shares of Marathon Digital in a research note on Monday, September 15th. They issued a “neutral” rating and a $18.00 price objective on the stock.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $17.38, for a total value of $478,036.90. Following the sale, the chief executive officer owned 3,755,789 shares of the company’s stock, valued at $65,275,612.82. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 34,732 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $16.24, for a total transaction of $564,047.68. Following the sale, the chief financial officer directly owned 318,428 shares in the company, valued at $5,171,270.72. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 203,598 shares of company stock valued at $3,466,128 over the last 90 days. 0.80% of the stock is owned by insiders.

Institutional Trading of Marathon Digital

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in Marathon Digital by 59.9% during the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 683 shares during the last quarter. CX Institutional increased its stake in Marathon Digital by 12.6% in the 2nd quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock valued at $105,000 after buying an additional 749 shares during the last quarter. Archer Investment Corp increased its stake in Marathon Digital by 10.9% in the 2nd quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock valued at $120,000 after buying an additional 750 shares during the last quarter. Ranch Capital Advisors Inc. increased its stake in Marathon Digital by 5.8% in the 1st quarter. Ranch Capital Advisors Inc. now owns 14,632 shares of the business services provider’s stock valued at $168,000 after buying an additional 805 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Marathon Digital by 5.1% during the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 878 shares during the period. Institutional investors own 44.53% of the company’s stock.

Marathon Digital Stock Up 0.2%

Shares of MARA opened at $18.82 on Monday. Marathon Digital has a one year low of $9.81 and a one year high of $30.28. The company has a market cap of $6.97 billion, a P/E ratio of 16.95 and a beta of 6.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $16.42 and a two-hundred day simple moving average of $15.48.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 EPS for the quarter, beating the consensus estimate of ($0.29) by $2.13. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The business had revenue of $238.50 million during the quarter, compared to the consensus estimate of $212.25 million. During the same period in the previous year, the business earned ($0.72) earnings per share. The company’s revenue was up 64.0% on a year-over-year basis. Research analysts forecast that Marathon Digital will post -1.04 EPS for the current fiscal year.

Marathon Digital Company Profile

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.