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

MARA (NASDAQ:MARA) announced its earnings results on Wednesday. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating 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%. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million.

MARA Stock Up 10.2 %

Shares of NASDAQ:MARA traded up $1.28 during mid-day trading on Thursday, hitting $13.73. 52,751,583 shares of the company traded hands, compared to its average volume of 35,288,617. The stock has a market cap of $4.66 billion, a P/E ratio of 17.42 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 12-month low of $12.05 and a 12-month high of $34.09. The stock has a 50-day moving average price of $17.78 and a two-hundred day moving average price of $18.46.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of MARA 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 transaction, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,015 shares of company stock valued at $2,237,086 over the last 90 days. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MARA. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday. Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price on the stock. 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 research report on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday. Finally, Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.