2 weeks Ago By ABMN Staff
Marathon Digital Holdings, Inc. ( NASDAQ:MARA – Get Free Report ) shares were up 1% during mid-day trading on Friday . The stock traded as high as $17.
92 and last traded at $17.70. Approximately 13,372,395 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 55,218,941 shares.
The stock had previously closed at $17.52. Analysts Set New Price Targets Several analysts recently commented on MARA shares.
B. Riley increased their target price on shares of Marathon Digital from $18.00 to $20.
00 and gave the company a “neutral” rating in a research note on Friday, July 12th. HC Wainwright reiterated a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a research report on Thursday, June 20th.
Macquarie began coverage on Marathon Digital in a report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 target price on the stock.
Finally, JPMorgan Chase & Co. reduced their target price on Marathon Digital from $14.00 to $12.
00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.
com, the stock currently has an average rating of “Hold” and an average target price of $19.61. Read Our Latest Stock Analysis on MARA Marathon Digital Price Performance Marathon Digital ( NASDAQ:MARA – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st.
The business services provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.
49). Marathon Digital had a negative return on equity of 5.15% and a net margin of 62.
57%. The business had revenue of $145.14 million during the quarter, compared to analysts’ expectations of $157.
86 million. During the same period in the prior year, the company posted ($0.13) earnings per share.
The firm’s revenue was up 77.5% on a year-over-year basis. On average, equities analysts expect that Marathon Digital Holdings, Inc.
will post -1.06 earnings per share for the current year. Insider Buying and Selling In other Marathon Digital news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, September 16th.
The shares were sold at an average price of $15.70, for a total value of $262,190.00.
Following the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
In related news, CEO Frederick G. Thiel sold 27,512 shares of Marathon Digital stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.
70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.
30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website . Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, September 16th.
The shares were sold at an average price of $15.70, for a total value of $262,190.00.
Following the completion of the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The disclosure for this sale can be found here .
Over the last three months, insiders sold 46,212 shares of company stock worth $726,178. 1.11% of the stock is owned by company insiders.
Institutional Investors Weigh In On Marathon Digital Several institutional investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC raised its position in Marathon Digital by 121.1% during the first quarter.
Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 695 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Marathon Digital during the 1st quarter worth $90,000. DekaBank Deutsche Girozentrale bought a new position in shares of Marathon Digital during the 1st quarter valued at $105,000.
GAMMA Investing LLC lifted its stake in shares of Marathon Digital by 108.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 3,565 shares during the last quarter.
Finally, Natixis acquired a new position in Marathon Digital during the first quarter worth $177,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.
About Marathon Digital ( Get Free Report ) Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.
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