4 October 2023

Digital Technology Guru

Digital Technology Guru Reviews

Marathon Digital Holdings Director Sells $151,800 Worth of Stock

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Marathon Digital Holdings Director Sells $151,800 Worth of Stock

Marathon Digital Holdings, Inc. Director Ashu Swami sold 11,000 shares of the company’s stock, totaling $151,800. After the sale, the director now owns 7,491 shares of the company’s stock, valued at $103,375.80. This sale was disclosed in a legal filing with the Securities and Exchange Commission. Following the news, shares of MARA stock traded down 4.5% and reached $12.00.

Marathon Digital Holdings, Inc. is a digital asset technology company that focuses on mining digital assets in the blockchain ecosystem. The company has a market cap of $2.09 billion and a beta of 5.04. It has a current ratio of 14.91, a quick ratio of 14.91, and a debt-to-equity ratio of 1.24. The stock has a 1-year low of $3.11 and a 1-year high of $19.88.

In terms of financial performance, Marathon Digital reported a loss of $0.13 per share for the quarter, missing analysts’ consensus estimates of -$0.03. The company had revenue of $81.76 million for the quarter, slightly below analysts’ expectations of $83.20 million. Marathon Digital had a negative return on equity of 15.80% and a negative net margin of 284.21%.

Several institutional investors have recently bought and sold shares of Marathon Digital. Advisor Group Holdings Inc. boosted its position in the company 68.3% in the fourth quarter, while Macquarie Group Ltd. increased its position 96.8% in the second quarter. Smith Anglin Financial LLC and Cetera Advisors LLC have also purchased stakes in Marathon Digital.

MarketBeat has given Marathon Digital a “Hold” rating, with an average target price of $13.67. However, top-rated analysts have identified five stocks that they believe are better buys than Marathon Digital. These stocks have received “Buy” ratings from analysts and are expected to outperform the market.

– Marathon Digital Holdings, Inc.: https://www.marathondh.com/
– SEC Filing: https://www.sec.gov/
– MarketBeat: https://www.marketbeat.com/