Zabi Nowaid Sells 25,113 Shares of Marathon Digital (NASDAQ:MARA) Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) General Counsel Zabi Nowaid sold 25,113 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $15.87, for a total transaction of $398,543.31. Following the sale, the general counsel owned 723,136 shares of the company’s stock, valued at approximately $11,476,168.32. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zabi Nowaid also recently made the following trade(s):

• On Thursday, November 6th, Zabi Nowaid sold 4,887 shares of Marathon Digital stock. The shares were sold at an average price of $16.70, for a total value of $81,612.90.

Marathon Digital Trading Down 6.1%

MARA opened at $14.63 on Wednesday. Marathon Digital Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. 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 business has a 50 day simple moving average of $18.06 and a two-hundred day simple moving average of $16.70. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 13.18 and a beta of 6.40.

Marathon Digital (NASDAQ:MARA) last posted its earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.06). The business had revenue of $252.41 million for the quarter, compared to analysts’ expectations of $254.58 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. Analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on MARA. Compass Point began coverage on shares of Marathon Digital in a report on Monday, September 15th. They issued a “neutral” rating and a $18.00 price objective for the company. Rosenblatt Securities decreased their price target on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Piper Sandler lifted their price objective on Marathon Digital from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Guggenheim started coverage on Marathon Digital in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Digital in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

Institutional Trading of Marathon Digital

Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. increased its position in Marathon Digital by 56.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $33,000 after buying an additional 659 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Marathon Digital by 59.9% in the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock worth $29,000 after acquiring an additional 683 shares in the last quarter. CX Institutional grew its stake in shares of Marathon Digital by 12.6% in the second quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock worth $105,000 after acquiring an additional 749 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Marathon Digital by 10.9% during the second quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 750 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 valued at $108,000 after acquiring an additional 799 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

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.