MARA (NASDAQ:MARA) Announces Quarterly Earnings Results, Beats Estimates By $1.56 EPS

MARA (NASDAQ:MARA) issued its earnings results on Wednesday. The business services provider reported $1.24 earnings per share 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 on Wednesday, hitting $12.45. The company’s stock had a trading volume of 40,967,169 shares, compared to its average volume of 34,866,402. The company has a market capitalization of $4.23 billion, a PE ratio of 15.76 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA has a 52 week low of $12.05 and a 52 week high of $34.09. The company has a fifty day simple moving average of $17.96 and a two-hundred day simple moving average of $18.50.

Insider Buying and Selling at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction that occurred 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. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of 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 trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,015 shares of company stock worth $2,237,086. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MARA. Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. 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 company. Based on data from MarketBeat.com, MARA 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.