MARA (NASDAQ:MARA) Releases Earnings Results, Misses Expectations By $0.04 EPS

MARA (NASDAQ:MARA) announced its quarterly earnings results on Tuesday. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04), Briefing.com reports. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis.

MARA Trading Down 1.8 %

MARA stock traded down $0.37 during trading hours on Friday, hitting $20.42. The company had a trading volume of 22,193,377 shares, compared to its average volume of 53,988,359. The firm has a market cap of $6.57 billion, a P/E ratio of 25.48 and a beta of 5.52. The company has a 50-day moving average price of $17.23 and a two-hundred day moving average price of $18.56. MARA has a 1 year low of $9.21 and a 1 year high of $34.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.75 and a current ratio of 4.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday. HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Finally, Macquarie began coverage on shares of MARA in a research report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, MARA has a consensus rating of “Hold” and a consensus price target of $21.57.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock valued at $1,524,546 over the last three months. 0.97% of the stock is owned by company 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.