MARA (MARA) to Release Earnings on Wednesday

MARA (NASDAQ:MARA - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.32) per share and revenue of $187.11 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

MARA Stock Down 8.1 %

NASDAQ MARA traded down $1.29 during trading on Friday, hitting $14.66. The company's stock had a trading volume of 35,807,657 shares, compared to its average volume of 34,114,086. The company has a market cap of $4.98 billion, a PE ratio of 18.56 and a beta of 5.76. MARA has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business's 50 day simple moving average is $18.58 and its 200-day simple moving average is $18.55.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MARA. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 target price for the company. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Wednesday, November 13th. Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, Compass Point lowered MARA from a "buy" rating to a "neutral" rating and raised their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. 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. According to data from MarketBeat.com, MARA has a consensus rating of "Hold" and a consensus target price of $25.67.

Insider Activity at MARA

In related news, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % 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 firm'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 transaction, the chief executive officer now owns 4,128,090 shares in the company, 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 90 days, insiders sold 119,215 shares of company stock valued at $2,540,158. Insiders own 0.80% of the company's stock.

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.