MARA (NASDAQ:MARA) Issues Earnings Results

MARA (NASDAQ:MARA) released its quarterly earnings data on Wednesday. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56, Zacks reports. MARA had a negative return on equity of 8.40% and a net margin of 27.48%.

MARA Stock Up 0.3 %

Shares of MARA stock traded up $0.04 during trading hours on Wednesday, reaching $12.45. 40,967,169 shares of the company’s stock were exchanged, compared to its average volume of 34,866,402. The stock’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $18.50. The stock has a market cap of $4.23 billion, a PE ratio of 15.76 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a 1 year low of $12.05 and a 1 year high of $34.09.

Insider Buying and Selling

In related news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,015 shares of company stock worth $2,237,086 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the topic of a number of research reports. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.67.

MARA Company Profile

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.