Marathon Digital Sees Unusually High Options Volume (NASDAQ:MARA)

Marathon Digital Holdings, Inc. (NASDAQ:MARA) was the target of some unusual options trading activity on Wednesday. Stock traders bought 384,677 call options on the stock. This is an increase of 56% compared to the average daily volume of 246,386 call options.

Analyst Upgrades and Downgrades

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

Marathon Digital Trading Up 18.9 %

NASDAQ MARA traded up $3.07 during mid-day trading on Wednesday, hitting $19.31. The company’s stock had a trading volume of 80,017,398 shares, compared to its average volume of 53,514,816. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. Marathon Digital has a 52-week low of $8.39 and a 52-week high of $34.09. The stock’s fifty day simple moving average is $16.44 and its two-hundred day simple moving average is $18.42. The firm has a market capitalization of $5.69 billion, a P/E ratio of 11.79 and a beta of 5.52.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Marathon Digital news, CEO Frederick G. Thiel sold 27,512 shares of Marathon Digital stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,417 shares of company stock valued at $1,516,536. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marathon Digital

Several institutional investors have recently modified their holdings of the company. Beaird Harris Wealth Management LLC grew its position in Marathon Digital by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after buying an additional 695 shares in the last quarter. Signaturefd LLC lifted its stake in Marathon Digital by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Marathon Digital in the third quarter worth approximately $50,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Marathon Digital in the first quarter worth approximately $105,000. Finally, GAMMA Investing LLC raised its position in Marathon Digital by 108.0% during the second quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 3,565 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

About Marathon Digital

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.