Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. The sale was disclosed in a filing with the SEC, which is available at this link.
Marathon Digital Price Performance
Marathon Digital stock opened at $15.54 on Monday. The firm has a market capitalization of $4.39 billion, a PE ratio of 7.23 and a beta of 5.51. Marathon Digital Holdings, Inc. has a 52 week low of $7.16 and a 52 week high of $34.09. The firm’s 50-day simple moving average is $17.88 and its 200 day simple moving average is $18.95. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.13.
Marathon Digital (NASDAQ:MARA – Get Free Report) last announced its quarterly earnings results 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 net margin of 62.57% and a negative return on equity of 5.15%. The business had revenue of $145.14 million during the quarter, compared to analysts’ expectations of $157.86 million. During the same period last year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up 77.5% on a year-over-year basis. On average, equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.
Hedge Funds Weigh In On Marathon Digital
Wall Street Analysts Forecast Growth
MARA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. B. Riley raised their price objective 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. Finally, HC Wainwright restated a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a research report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.22.
View Our Latest Report on MARA
About Marathon Digital
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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