Marathon Digital (NASDAQ:MARA) Trading 11.8% Higher – Time to Buy?

Marathon Digital Holdings, Inc. (NASDAQ:MARA)’s share price traded up 11.8% during trading on Thursday . The stock traded as high as $12.27 and last traded at $11.99. 81,490,524 shares traded hands during trading, an increase of 73% from the average session volume of 47,001,746 shares. The stock had previously closed at $10.72.

Marathon Digital News Roundup

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

• Positive Sentiment: MARA agreed to buy Long Ridge Energy & Power, adding a 505 MW gas plant and a 1,600?acre Ohio campus that creates line?of?sight to >1 GW of total capacity and expands MARA’s digital infrastructure and AI-ready power footprint. This materially accelerates the company’s pivot beyond pure bitcoin mining into energy and AI infrastructure. MARA acquires Long Ridge Energy platform for $1.5 billion
• Positive Sentiment: Sell?side momentum: Rosenblatt raised its price target from $11 to $15 and initiated/maintained a Buy stance, signaling analyst conviction in upside from the strategic deal and re?rating potential. Rosenblatt raises MARA target to $15
• Neutral Sentiment: Company provided more detail on the M&A in a recent call/transcript; investors can use the transcript to assess management’s integration plan, expected capex and timing. MARA M&A call transcript
• Neutral Sentiment: Media coverage frames the deal as part of a broader shift into AI infrastructure and power markets — a thematic positive long term but dependent on execution and AI demand. Major energy firm moves into AI infrastructure
• Negative Sentiment: Price and financing risk: the deal values Long Ridge at ?$1.5–$1.52B including debt, will increase MARA’s leverage and requires regulatory approvals with expected close in Q3 2026 — raises near?term execution and financing risk. FTAI announces sale to MARA
• Negative Sentiment: Fundamentals remain a concern: last reported quarter showed a large EPS miss, negative margins and ongoing volatility tied to bitcoin economics; those legacy weaknesses temper enthusiasm until integration and profitability paths are clearer. No link

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. HC Wainwright reaffirmed a “neutral” rating on shares of Marathon Digital in a research report on Friday, February 27th. Weiss Ratings lowered Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Cantor Fitzgerald lowered their price target on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Morgan Stanley assumed coverage on Marathon Digital in a research report on Monday, February 9th. They issued an “underweight” rating and a $8.00 price target for the company. Finally, Rosenblatt Securities lifted their price target on Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.22.

Marathon Digital Trading Down 4.4%

The stock has a 50-day simple moving average of $9.41 and a two-hundred day simple moving average of $11.24. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $4.36 billion, a PE ratio of -2.89 and a beta of 5.29.

Marathon Digital (NASDAQ:MARA) last issued its earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($4.29). Marathon Digital had a negative return on equity of 19.01% and a negative net margin of 144.58%.The business had revenue of $202.31 million during the quarter, compared to analysts’ expectations of $250.74 million. During the same period last year, the firm posted $1.24 EPS. Marathon Digital’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marathon Digital Holdings, Inc. will post -0.79 EPS for the current year.

Insiders Place Their Bets

In other Marathon Digital news, General Counsel Zabi Nowaid sold 42,090 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $12.00, for a total value of $505,080.00. Following the completion of the transaction, the general counsel owned 1,007,047 shares of the company’s stock, valued at approximately $12,084,564. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $11.68, for a total value of $186,880.00. Following the completion of the transaction, the chief financial officer directly owned 441,066 shares of the company’s stock, valued at approximately $5,151,650.88. This trade represents a 3.50% decrease in their position. 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. In the last 90 days, insiders sold 172,605 shares of company stock valued at $1,745,843. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Marathon Digital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Marathon Digital by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock valued at $827,392,000 after purchasing an additional 4,049,979 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Marathon Digital during the 3rd quarter valued at about $5,438,000. WINTON GROUP Ltd purchased a new stake in shares of Marathon Digital during the 3rd quarter valued at about $4,643,000. Farallon Capital Management LLC increased its position in shares of Marathon Digital by 338.3% during the 3rd quarter. Farallon Capital Management LLC now owns 3,660,000 shares of the business services provider’s stock valued at $66,832,000 after purchasing an additional 2,825,000 shares during the last quarter. Finally, Stevens Capital Management LP increased its position in shares of Marathon Digital by 446.6% during the 3rd quarter. Stevens Capital Management LP now owns 319,549 shares of the business services provider’s stock valued at $5,835,000 after purchasing an additional 261,085 shares during the last quarter. Hedge funds and other institutional investors 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.