Marathon Digital’s (MARA) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Marathon Digital (NASDAQ:MARA) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $15.00 target price on the business services provider’s stock.

A number of other research analysts have also commented on the company. BTIG Research reiterated a “buy” rating and issued a $27.00 price objective on shares of Marathon Digital in a research report on Monday, June 1st. Piper Sandler dropped their target price on Marathon Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Weiss Ratings lowered Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald decreased their price target on Marathon Digital from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Morgan Stanley lowered their price objective on Marathon Digital from $7.00 to $5.50 and set an “underweight” rating for the company in a research report on Wednesday, July 8th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.72.

Marathon Digital Trading Down 5.3%

Shares of NASDAQ MARA opened at $10.09 on Friday. Marathon Digital has a 1-year low of $6.66 and a 1-year high of $23.45. The company has a market cap of $3.85 billion, a PE ratio of -1.10 and a beta of 5.40. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average of $12.81 and a two-hundred day moving average of $11.03.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing the consensus estimate of $0.17 by ($1.77). The company had revenue of $174.88 million for the quarter, compared to the consensus estimate of $209.44 million. Marathon Digital had a negative net margin of 429.71% and a negative return on equity of 22.55%. Marathon Digital’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. As a group, equities analysts expect that Marathon Digital will post -2.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, General Counsel Zabi Nowaid sold 7,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total transaction of $99,750.00. Following the completion of the sale, the general counsel owned 963,768 shares in the company, valued at approximately $13,733,694. The trade was a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total value of $391,946.25. Following the completion of the transaction, the chief executive officer owned 4,562,009 shares in the company, valued at $65,008,628.25. This represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 109,260 shares of company stock worth $1,452,756 over the last quarter. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marathon Digital

Institutional investors have recently modified their holdings of the stock. CI Investments Inc. increased its position in shares of Marathon Digital by 7.6% during the first quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock worth $110,000 after acquiring an additional 957 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Marathon Digital by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 991 shares in the last quarter. Evexia Wealth LLC lifted its position in Marathon Digital by 9.2% in the 1st quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,090 shares in the last quarter. Sigma Planning Corp boosted its stake in Marathon Digital by 12.4% in the 4th quarter. Sigma Planning Corp now owns 11,924 shares of the business services provider’s stock worth $107,000 after purchasing an additional 1,320 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Marathon Digital by 38.6% in the 2nd quarter. Osaic Holdings Inc. now owns 4,816 shares of the business services provider’s stock worth $76,000 after purchasing an additional 1,340 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

More Marathon Digital News

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

• Positive Sentiment: AI and data-center expansion offers a potential catalyst. MARA said it is targeting at least two artificial-intelligence/high-performance-computing leases by year-end and has doubled its power capacity to 4.8 gigawatts. Needham cited stronger tenant demand through MARA’s Starwood partnership, although it withheld a price target pending more detail on the venture’s economics. MARA targets AI/HPC leases
• Positive Sentiment: Some analysts still see substantial upside. Rosenblatt reaffirmed a “buy” rating with a $15 price target, while Cantor Fitzgerald maintained an “overweight” rating despite reducing its target to $12. Both targets remain above the current trading level. Analyst rating updates
• Neutral Sentiment: Options activity was unusually elevated. Traders purchased approximately 250,000 MARA call options, about 14% above average daily call volume. This may indicate speculative bullish positioning, but it does not necessarily represent sustained investor conviction.
• Negative Sentiment: Second-quarter results missed expectations. MARA reported a $611.3 million net loss, revenue of $174.9 million versus roughly $209.4 million expected, and a year-over-year revenue decline of about 27%. Per-share results also came in below consensus, reinforcing concerns about profitability. MARA reports Q2 loss
• Negative Sentiment: Bitcoin production and holdings remain pressure points. MARA’s Bitcoin holdings reportedly fell 29% year over year to 35,577 Bitcoin. Investors are concerned that weaker mining economics and large quarterly losses could limit the benefit of higher Bitcoin prices. MARA Bitcoin holdings and Q2 loss
• Negative Sentiment: Price-target reductions added to selling pressure. The broader Bitcoin-mining group declined as analysts cut targets and investors prioritized Q2 losses over Bitcoin’s rebound. MARA’s high volatility amplifies the impact of disappointing results and analyst revisions. MARA stock and price-target cuts

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.