Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report)’s stock price was up 1.1% during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $18.00 to $19.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Marathon Digital traded as high as $15.54 and last traded at $15.20. Approximately 12,393,219 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 45,029,851 shares. The stock had previously closed at $15.04.
MARA has been the topic of a number of other reports. Barclays lifted their price objective on shares of Marathon Digital from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of Marathon Digital in a research note on Thursday, April 24th. Compass Point restated a “sell” rating and issued a $9.50 target price (down previously from $25.00) on shares of Marathon Digital in a research report on Tuesday, May 6th. Needham & Company LLC restated a “hold” rating on shares of Marathon Digital in a research report on Thursday, February 27th. Finally, Piper Sandler cut their target price on shares of Marathon Digital from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.94.
Check Out Our Latest Stock Analysis on MARA
Insider Transactions at Marathon Digital
Institutional Investors Weigh In On Marathon Digital
Hedge funds and other institutional investors have recently made changes to their positions in the business. Park Square Financial Group LLC bought a new position in shares of Marathon Digital during the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC raised its position in shares of Marathon Digital by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Marathon Digital during the 4th quarter valued at $50,000. Blue Trust Inc. raised its position in shares of Marathon Digital by 415.6% during the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock valued at $56,000 after buying an additional 2,693 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Marathon Digital by 211.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,500 shares of the business services provider’s stock worth $64,000 after purchasing an additional 2,375 shares during the period. 44.53% of the stock is owned by institutional investors.
Marathon Digital Stock Performance
The company has a market cap of $5.16 billion, a PE ratio of -10.12 and a beta of 6.61. The business’s 50-day moving average is $14.56 and its 200 day moving average is $16.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 0.79.
Marathon Digital (NASDAQ:MARA – Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The business had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $234.19 million. Marathon Digital had a positive return on equity of 6.33% and a negative net margin of 46.68%. Marathon Digital’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. On average, equities research analysts predict that Marathon Digital Holdings, Inc. 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.
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