B. Riley Estimates MARA's Q4 Earnings (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA - Free Report) - Equities research analysts at B. Riley boosted their Q4 2024 earnings per share estimates for shares of MARA in a report released on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the business services provider will earn ($0.22) per share for the quarter, up from their previous estimate of ($0.24). B. Riley has a "Neutral" rating and a $23.00 price objective on the stock. The consensus estimate for MARA's current full-year earnings is ($1.02) per share. B. Riley also issued estimates for MARA's FY2025 earnings at ($0.13) EPS and FY2026 earnings at ($0.09) EPS.

Several other brokerages have also recently issued reports on MARA. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 target price for the company. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and increased their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upgraded shares of 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 note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.80.

MARA Stock Down 3.6 %

MARA stock traded down $0.71 during mid-day trading on Monday, reaching $19.25. 28,571,002 shares of the company's stock were exchanged, compared to its average volume of 56,701,461. The company has a fifty day moving average of $21.44 and a 200-day moving average of $19.32. The company has a market cap of $6.20 billion, a P/E ratio of 24.37 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a twelve month low of $13.16 and a twelve month high of $34.09.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business's quarterly revenue was up 34.4% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management raised its position in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock valued at $230,000 after acquiring an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. lifted its position in shares of MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock worth $269,000 after buying an additional 780 shares during the last quarter. Larson Financial Group LLC grew its position in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after buying an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider's stock worth $306,000 after acquiring an additional 1,170 shares during the period. Finally, Signaturefd LLC lifted its holdings in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after acquiring an additional 1,273 shares during the last quarter. 44.53% of the stock is owned by institutional investors.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares of the company's stock, valued at $74,389,070. This represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 6,800 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares of the company's stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is currently owned by 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.