Marathon Digital Holdings, Inc. ($MARA) - Jefferies Financial Group issued their Q1 2023 earnings per share (EPS) estimates for Marathon Digital in a research report issued to clients and investors on Tuesday, April 4th. Jefferies Financial Group analyst J. Petersen expects that the business services provider will post earnings per share of ($0.10) for the quarter. Jefferies Financial Group has a "Hold" rating and a $4.00 price target on the stock. The consensus estimate for Marathon Digital's current full-year earnings is $0.22 per share. Jefferies Financial Group also issued estimates for Marathon Digital's Q2 2023 earnings at ($0.03) EPS, Q3 2023 earnings at $0.09 EPS, Q4 2023 earnings at $0.22 EPS, FY2023 earnings at $0.18 EPS, FY2024 earnings at $0.08 EPS and FY2025 earnings at ($0.09) EPS.
Several other analysts have also commented on MARA. DA Davidson dropped their target price on Marathon Digital from $18.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, January 12th. Chardan Capital reissued a "buy" rating and issued a $15.00 price objective on shares of Marathon Digital in a report on Monday. Finally, B. Riley decreased their target price on Marathon Digital from $6.00 to $5.00 in a research report on Monday, March 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $12.33.
Marathon Digital Stock Up 0.6 %
opened at $7.98 on Friday. Marathon Digital has a 52 week low of $3.11 and a 52 week high of $24.60. The business's 50-day moving average price is $7.22 and its 200 day moving average price is $7.83. The company has a quick ratio of 10.63, a current ratio of 10.63 and a debt-to-equity ratio of 2.03.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. increased its stake in Marathon Digital by 68.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,353 shares of the business services provider's stock valued at $25,000 after purchasing an additional 2,984 shares during the last quarter. Macquarie Group Ltd. increased its stake in Marathon Digital by 96.8% in the second quarter. Macquarie Group Ltd. now owns 5,369 shares of the business services provider's stock valued at $29,000 after purchasing an additional 2,641 shares during the last quarter. Smith Anglin Financial LLC acquired a new stake in shares of Marathon Digital in the fourth quarter valued at approximately $34,000. Cetera Advisors LLC acquired a new stake in shares of Marathon Digital in the fourth quarter valued at approximately $36,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Marathon Digital in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 39.88% of the company's stock.
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