Marathon Digital (NASDAQ:MARA) Stock Price Up 3.5% – Still a Buy?

Marathon Digital Holdings, Inc. (NASDAQ:MARA)’s stock price rose 3.5% on Monday . The stock traded as high as $13.80 and last traded at $13.39. Approximately 48,386,889 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 46,966,762 shares. The stock had previously closed at $12.94.

Marathon Digital News Roundup

Here are the key news stories impacting Marathon Digital this week:

• Negative Sentiment: MARA reported Q1 revenue of $174.61 million, down from $213.88 million a year earlier, and a net loss of $1.26 billion, driven largely by a $1.0 billion negative fair-value adjustment on its Bitcoin holdings. Is MARA’s Bitcoin Hit And AI Data Center Pivot Altering The Investment Case For MARA (MARA)
• Negative Sentiment: The company missed on both the top and bottom lines in Q1, which helped drive the stock lower as investors digested softer operating results and large crypto-related losses. Why Mara Holdings Stock Slumped by 5% Today
• Neutral Sentiment: Management used the earnings call to outline a broader strategic pivot, including acquiring Long Ridge Energy & Power and shifting capital toward AI-focused, high-performance computing data centers. This could improve the long-term investment case, but it also adds uncertainty and capital needs in the near term. Marathon Digital’s Earnings Call Balances AI Pivot, Pain
• Negative Sentiment: MARA also disclosed that it sold $1.5 billion of Bitcoin as it pushes into AI data centers, highlighting the scale of its transition and raising questions about how much crypto exposure remains. MARA Holdings Sells $1.5 Billion Bitcoin As It Pushes Into A.I. Data Centres
• Negative Sentiment: Analysts currently rate Marathon Digital a “Hold” on average, suggesting the market is still waiting for clearer evidence that the AI pivot can offset Bitcoin volatility and improve earnings. Marathon Digital Holdings, Inc. Receives Average Recommendation of Hold from Analysts

Wall Street Analysts Forecast Growth

MARA has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of Marathon Digital from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings cut shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday. Cantor Fitzgerald decreased their target price on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Morgan Stanley initiated coverage on shares of Marathon Digital in a research note on Monday, February 9th. They issued an “underweight” rating and a $8.00 target price for the company. Finally, Rosenblatt Securities raised their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.50.

Marathon Digital Stock Up 0.2%

The firm has a fifty day simple moving average of $10.02 and a 200-day simple moving average of $10.74. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of -2.23 and a beta of 5.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.84.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative net margin of 234.83% and a negative return on equity of 23.20%. The business had revenue of $202.31 million for the quarter, compared to analyst estimates of $250.74 million. During the same period in the prior year, the business earned $1.24 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that Marathon Digital Holdings, Inc. will post -1.67 EPS for the current year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $11.68, for a total transaction of $321,258.40. Following the completion of the sale, the chief executive officer owned 4,725,219 shares of the company’s stock, valued at $55,190,557.92. This trade represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $11.68, for a total value of $186,880.00. Following the sale, the chief financial officer directly owned 441,066 shares of the company’s stock, valued at $5,151,650.88. This represents a 3.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 172,605 shares of company stock valued at $1,745,843 in the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marathon Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management lifted its holdings in shares of Marathon Digital by 2,407.4% during the third quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider’s stock worth $25,000 after buying an additional 1,300 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Marathon Digital during the first quarter worth $28,000. Bessemer Group Inc. lifted its holdings in shares of Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after buying an additional 659 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Marathon Digital by 4,345.1% during the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock worth $33,000 after buying an additional 3,954 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Marathon Digital during the fourth quarter worth $36,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.