MARA (MARA) Projected to Post Earnings on Wednesday

MARA (NASDAQ:MARA) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect MARA to post earnings of ($0.30) per share and revenue of $187.11 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

MARA Trading Down 5.0 %

Shares of MARA stock opened at $16.05 on Wednesday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.45 billion, a P/E ratio of 20.32 and a beta of 5.76. MARA has a 12-month low of $13.16 and a 12-month high of $34.09. The firm has a 50-day moving average price of $19.00 and a 200 day moving average price of $18.59.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,710 shares of company stock valued at $2,081,375 over the last ninety days. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MARA shares. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus 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.