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.

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