Marathon Digital (NASDAQ:MARA) Trading Up 5% – Still a Buy?

Posted by Brenda Bartman on Jul 23rd, 2026

Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) rose 5% during mid-day trading on Tuesday . The stock traded as high as $12.76 and last traded at $12.25. Approximately 97,841,197 shares traded hands during trading, an increase of 113% from the average daily volume of 45,946,707 shares. The stock had previously closed at $11.67.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MARA shares. Cantor Fitzgerald lowered their price objective on shares of 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 upped their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. BTIG Research reissued a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research note on Monday, June 1st. Piper Sandler lowered their price target 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 report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Marathon Digital currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Read Our Latest Report on Marathon Digital

Marathon Digital Trading Up 3.0%

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 capitalization of $4.87 billion, a price-to-earnings ratio of -2.26 and a beta of 5.36. The business’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $10.96.

Insider Buying and Selling at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total transaction of $391,946.25. Following the completion of the sale, the chief executive officer directly owned 4,562,009 shares of the company’s stock, valued at $65,008,628.25. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total transaction of $228,000.00. Following the completion of the transaction, the chief financial officer directly owned 409,066 shares in the company, valued at approximately $5,829,190.50. The trade was a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 109,260 shares of company stock valued at $1,452,756. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in Marathon Digital by 104.1% in the third quarter. UBS Group AG now owns 12,098,686 shares of the business services provider’s stock valued at $220,922,000 after buying an additional 6,172,110 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Marathon Digital during the 3rd quarter worth about $93,066,000. Norges Bank bought a new stake in shares of Marathon Digital in the 4th quarter valued at about $39,492,000. Van ECK Associates Corp increased its stake in shares of Marathon Digital by 125.4% in the 4th quarter. Van ECK Associates Corp now owns 2,727,069 shares of the business services provider’s stock valued at $24,489,000 after acquiring an additional 1,516,937 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Marathon Digital by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 46,706,277 shares of the business services provider’s stock valued at $419,422,000 after acquiring an additional 1,394,559 shares during the period. 44.53% of the stock is currently owned by institutional investors.

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.