Marathon Digital Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel Sells 27,505 Shares

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $15.30, for a total value of $420,826.50. Following the transaction, the chief executive officer now directly owns 3,983,593 shares of the company’s stock, valued at $60,948,972.90. The trade was a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Marathon Digital Stock Down 1.2%

Shares of NASDAQ MARA opened at $14.49 on Thursday. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of -9.99 and a beta of 6.61. The business has a 50-day moving average of $14.60 and a 200-day moving average of $16.18.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). Marathon Digital had a positive return on equity of 6.33% and a negative net margin of 46.68%. The business had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $234.19 million. During the same period in the previous year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. Sell-side analysts expect that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MARA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Marathon Digital in a report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of Marathon Digital in a report on Thursday, April 24th. Compass Point reaffirmed a “sell” rating and set a $9.50 target price (down previously from $25.00) on shares of Marathon Digital in a report on Tuesday, May 6th. Rosenblatt Securities lifted their target price on Marathon Digital from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Barclays lifted their target price on Marathon Digital from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Marathon Digital has a consensus rating of “Hold” and an average price target of $20.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MARA. Park Square Financial Group LLC bought a new stake in Marathon Digital in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC lifted its position in Marathon Digital by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Marathon Digital in the 4th quarter worth approximately $50,000. Blue Trust Inc. lifted its position in Marathon Digital by 415.6% in the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after buying an additional 2,693 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted 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 buying an additional 2,375 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.