MARA (NASDAQ:MARA) Announces Quarterly Earnings Results

MARA (NASDAQ:MARA) issued its earnings results on Wednesday. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56, Zacks reports. The company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%.

MARA Trading Up 1.0 %

NASDAQ:MARA traded up $0.13 during mid-day trading on Friday, hitting $13.26. 42,999,581 shares of the company’s stock were exchanged, compared to its average volume of 36,476,629. MARA has a fifty-two week low of $12.05 and a fifty-two week high of $30.71. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.50 billion, a P/E ratio of 16.77 and a beta of 5.76. The company has a 50 day simple moving average of $17.64 and a 200-day simple moving average of $18.42.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,215 shares of company stock worth $2,033,766. 0.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MARA has been the subject of several research analyst reports. Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.67.

About MARA

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.