Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report)’s stock price traded down 8.2% on Friday after an insider sold shares in the company. The stock traded as low as $8.42 and last traded at $8.46. 50,141,985 shares traded hands during trading, an increase of 7% from the average session volume of 47,046,336 shares. The stock had previously closed at $9.22.
Specifically, CFO Salman Hassan Khan sold 16,000 shares of Marathon Digital stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $9.18, for a total transaction of $146,880.00. Following the completion of the transaction, the chief financial officer owned 343,165 shares in the company, valued at approximately $3,150,254.70. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $9.18, for a total value of $252,495.90. Following the completion of the sale, the chief executive officer owned 4,788,954 shares in the company, valued at approximately $43,962,597.72. This represents a 0.57% decrease in their position. The disclosure for this sale is available in the SEC filing.
Analysts Set New Price Targets
A number of analysts recently issued reports on MARA shares. JPMorgan Chase & Co. lowered their price target on shares of Marathon Digital from $20.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Morgan Stanley started coverage on shares of Marathon Digital in a research note on Monday, February 9th. They set an “underweight” rating and a $8.00 target price on the stock. Cantor Fitzgerald cut their price target on Marathon Digital from $21.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Compass Point upgraded Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, November 24th. Finally, Weiss Ratings cut Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.
Trending Headlines about Marathon Digital
Here are the key news stories impacting Marathon Digital this week:
- Positive Sentiment: Analysts still show meaningful conviction in MARA’s strategic pivot to AI and blockchain infrastructure; ~60% of covering analysts are bullish and the consensus price target implies roughly ~30% upside from current levels. Analysts Remain Bullish on MARA Holdings (MARA) Amid Company’s Strategic Transition to AI
- Neutral Sentiment: Marathon suspended use of its ATM (equity offering) program in Q4 and funded operations via bitcoin sales — reduces near-term dilution risk but increases reliance on BTC price and on-balance-sheet crypto liquidity. Bitcoin miner MARA suspended use of ATM for first time since 2022: Q4 Earnings
- Negative Sentiment: Macro energy risk: escalating Iran-related tensions are pushing energy/oil prices and volatility higher, which can raise power costs for large-scale miners and compress MARA’s mining margins. Iran Conflict Pushes Energy Costs Higher For MARA Holdings Bitcoin Mining
- Negative Sentiment: Operational skepticism and AI-pivot scrutiny: coverage and headlines (e.g., 247WallStreet) cite investor pressure for miners to prove AI-related growth beyond PR — that narrative is weighing on sentiment. MARA Holdings Drops 6%, Riot Platforms Falls 5%: Two Bitcoin Miners Caught Between Energy Costs and an AI Pivot
- Negative Sentiment: Insider selling: recent SEC filings show the CFO and CEO sold shares (CFO sold 16,000 shares; CEO sold 27,505 shares), which can signal to the market reduced insider conviction or create near-term selling pressure. Insider Selling: Marathon Digital (NASDAQ:MARA) CFO Sells 16,000 Shares of Stock
- Negative Sentiment: Recent fundamentals remain a headwind: the company reported a large Q4 EPS miss and revenue below estimates (reported EPS far below consensus and revenue shortfall), keeping profitability and cash-flow concerns front-and-center for investors. Marathon Digital Stock Down 2.2%
Marathon Digital Stock Performance
The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $9.04 and a two-hundred day moving average price of $12.75. The firm has a market cap of $3.22 billion, a PE ratio of -2.14 and a beta of 5.51.
Marathon Digital (NASDAQ:MARA – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported ($4.52) EPS for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The firm had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. During the same period in the prior year, the company posted $1.24 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of MARA. UBS Group AG grew its holdings in Marathon Digital by 104.1% in the 3rd 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 in the last quarter. Marex Group plc acquired a new stake in Marathon Digital during the second quarter worth about $84,301,000. Voloridge Investment Management LLC purchased a new position in Marathon Digital during the third quarter worth about $93,066,000. Norges Bank acquired a new position in Marathon Digital in the 4th quarter valued at about $39,492,000. Finally, Vanguard Group Inc. grew its stake in shares of Marathon Digital by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock valued at $827,392,000 after buying an additional 4,049,979 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.
Marathon Digital Company Profile
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.
Further Reading
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