B. Riley Has Negative Outlook of MARA FY2025 Earnings

MARA Holdings, Inc. (NASDAQ:MARA - Free Report) - B. Riley reduced their FY2025 earnings estimates for shares of MARA in a note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the business services provider will earn ($0.36) per share for the year, down from their prior forecast of ($0.13). 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 ($1.04) per share. B. Riley also issued estimates for MARA's FY2026 earnings at ($0.32) EPS.

MARA has been the subject of a number of other research reports. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and increased their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They set an "overweight" rating and a $34.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, MARA presently has an average rating of "Hold" and an average price target of $25.67.

MARA Stock Down 2.3 %

Shares of MARA stock traded down $0.39 during trading hours on Friday, reaching $16.51. The company's stock had a trading volume of 8,752,835 shares, compared to its average volume of 34,306,469. The company has a market capitalization of $5.60 billion, a P/E ratio of 20.97 and a beta of 5.76. The stock's fifty day simple moving average is $19.00 and its two-hundred day simple moving average is $18.59. MARA has a one year low of $13.16 and a one year high of $34.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

Insider Transactions at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,710 shares of company stock valued at $2,081,375. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in MARA during the fourth quarter valued at $46,413,000. Vanguard Group Inc. raised its position in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in MARA by 192.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock worth $31,817,000 after purchasing an additional 1,248,292 shares in the last quarter. American Century Companies Inc. boosted its stake in MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after purchasing an additional 1,240,354 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in MARA by 1,726.2% during the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider's stock valued at $12,015,000 after purchasing an additional 677,199 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

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.