Marathon Digital (MARA) Set to Announce Quarterly Earnings on Tuesday

Marathon Digital (NASDAQ:MARA) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter.

Marathon Digital Stock Up 4.3 %

NASDAQ MARA traded up $0.67 during trading hours on Tuesday, reaching $16.17. 28,234,141 shares of the company’s stock traded hands, compared to its average volume of 53,370,781. Marathon Digital has a 52-week low of $8.39 and a 52-week high of $34.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a 50-day simple moving average of $16.47 and a 200 day simple moving average of $18.43. The firm has a market cap of $4.76 billion, a PE ratio of 10.24 and a beta of 5.52.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of Marathon Digital stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of Marathon Digital stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,417 shares of company stock valued at $1,516,536 in the last ninety days. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MARA shares. B. Riley upped their price target on Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Cantor Fitzgerald began coverage on Marathon Digital in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Marathon Digital from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 target price on shares of Marathon Digital in a report on Thursday, October 10th. Finally, Macquarie began coverage on shares of Marathon Digital in a report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.43.

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.