MARA (MARA) to Release Earnings on Wednesday

MARA (NASDAQ:MARA - Get Free Report) is expected to be announcing its earnings results 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. Parties that wish to register for the company's conference call can do so using this link.

MARA Trading Down 8.1 %

MARA stock traded down $1.29 during midday trading on Friday, hitting $14.66. The stock had a trading volume of 35,807,657 shares, compared to its average volume of 26,950,004. The firm has a market cap of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a 1-year low of $13.16 and a 1-year high of $34.09. The business has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $18.54.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They set an "equal weight" rating and a $27.00 target price on the stock. Finally, B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.67.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,215 shares of company stock valued at $2,540,158 over the last ninety days. 0.80% of the stock is currently owned by insiders.

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.