Marathon Digital Holdings, Inc. (NASDAQ:MARA) CEO Sells $420,826.50 in Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.30, for a total transaction of $420,826.50. Following the sale, the chief executive officer now owns 3,983,593 shares in the company, valued at $60,948,972.90. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Marathon Digital Stock Performance

Shares of MARA opened at $14.49 on Friday. 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 cap of $5.10 billion, a PE ratio of -9.99 and a beta of 6.61. The company’s 50 day simple moving average is $14.66 and its 200-day simple moving average is $16.10. Marathon Digital Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The business had revenue of $213.88 million for 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%. The business’s revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. As a group, equities analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Hedge Funds Weigh In On Marathon Digital

A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its position in shares of Marathon Digital by 10.0% during the first quarter. Rhumbline Advisers now owns 917,299 shares of the business services provider’s stock worth $10,549,000 after acquiring an additional 83,242 shares during the last quarter. Strs Ohio purchased a new position in shares of Marathon Digital during the first quarter worth approximately $363,000. Intech Investment Management LLC lifted its holdings in shares of Marathon Digital by 14.5% during the first quarter. Intech Investment Management LLC now owns 160,717 shares of the business services provider’s stock worth $1,848,000 after purchasing an additional 20,413 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Marathon Digital by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after purchasing an additional 63,903 shares during the period. Finally, United Services Automobile Association lifted its holdings in shares of Marathon Digital by 8.2% during the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after purchasing an additional 1,569 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MARA. Rosenblatt Securities upped their target price on shares of Marathon Digital from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Needham & Company LLC restated a “hold” rating on shares of Marathon Digital in a research note on Thursday, February 27th. Barclays increased their price target 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 reiterated a “buy” rating and issued a $28.00 price target on shares of Marathon Digital in a research note on Thursday, April 24th. Finally, Piper Sandler dropped their price target on shares of Marathon Digital from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Marathon Digital has an average rating of “Hold” and a consensus target price of $20.94.

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.