B. Riley Equities Analysts Raise Earnings Estimates for MARA

MARA Holdings, Inc. (NASDAQ:MARA) – B. Riley raised their Q4 2024 EPS estimates for shares of MARA in a research report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the business services provider will post earnings of ($0.22) per share for the quarter, up from their previous estimate of ($0.24). B. Riley currently has a “Neutral” rating and a $23.00 target price on the stock. The consensus estimate for MARA’s current full-year earnings is ($1.02) per share. B. Riley also issued estimates for MARA’s FY2025 earnings at ($0.13) EPS and FY2026 earnings at ($0.09) EPS.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the firm earned ($0.05) earnings per share. MARA’s revenue was up 34.4% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Stock Up 4.7 %

Shares of NASDAQ MARA opened at $20.15 on Monday. The business has a 50-day moving average price of $21.51 and a 200 day moving average price of $19.32. The stock has a market cap of $6.48 billion, a PE ratio of 25.51 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a 52-week low of $13.16 and a 52-week high of $34.09.

Insider Transactions at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 153,615 shares of company stock valued at $3,258,686. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in MARA in the third quarter valued at $26,000. Larson Financial Group LLC boosted its position in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares in the last quarter. Signaturefd LLC grew its stake in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in MARA during the 3rd quarter valued at about $50,000. Finally, Tobam raised its position in MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.