HC Wainwright Comments on MARA's Q1 Earnings (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA - Free Report) - Equities research analysts at HC Wainwright decreased their Q1 2025 earnings per share estimates for shares of MARA in a note issued to investors on Thursday, April 24th. HC Wainwright analyst K. Dede now expects that the business services provider will post earnings of ($1.17) per share for the quarter, down from their previous estimate of ($0.18). HC Wainwright currently has a "Buy" rating and a $28.00 target price on the stock. The consensus estimate for MARA's current full-year earnings is ($1.04) per share. HC Wainwright also issued estimates for MARA's Q2 2025 earnings at ($0.22) EPS, Q3 2025 earnings at ($0.26) EPS and FY2025 earnings at ($1.93) EPS.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million.

Several other research firms also recently weighed in on MARA. Piper Sandler dropped their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Rosenblatt Securities initiated coverage on MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 target price for the company. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $22.80.

MARA Stock Down 2.0 %

NASDAQ:MARA traded down $0.29 during mid-day trading on Monday, hitting $14.01. 30,144,382 shares of the company's stock traded hands, compared to its average volume of 45,103,179. The company has a fifty day moving average of $13.05 and a 200 day moving average of $17.49. MARA has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a market capitalization of $4.84 billion, a P/E ratio of 17.73 and a beta of 6.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

Institutional Trading of MARA

Several hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 shares in the last quarter. United Services Automobile Association raised its holdings in MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock valued at $320,000 after acquiring an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Mackenzie Financial Corp raised its holdings in MARA by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock valued at $304,000 after acquiring an additional 878 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in MARA by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock valued at $244,000 after acquiring an additional 992 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

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.