MARA (NASDAQ:MARA) Announces Quarterly Earnings Results

MARA (NASDAQ:MARA - Get Free Report) released its earnings results on Wednesday. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56, Zacks reports. The firm had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%.

MARA Stock Performance

NASDAQ:MARA traded up $0.79 during mid-day trading on Friday, hitting $13.92. The stock had a trading volume of 63,279,563 shares, compared to its average volume of 37,039,633. MARA has a twelve month low of $12.05 and a twelve month high of $30.71. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 17.62 and a beta of 5.76. The company's 50 day simple moving average is $17.52 and its 200 day simple moving average is $18.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $28.00 target price on shares of MARA in a report on Thursday. Compass Point cut MARA from a "buy" rating to a "neutral" rating and increased their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays assumed coverage on MARA in a report on Monday, November 25th. They set an "equal weight" rating and a $27.00 target price for the company. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday. Finally, B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and a consensus target price of $25.67.

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Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $23.50, for a total transaction 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 $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,215 shares of company stock worth $2,033,766. Insiders own 0.80% 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.