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

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

MARA Price Performance

NASDAQ MARA traded down $0.44 on Friday, reaching $20.35. 23,704,162 shares of the company’s stock traded hands, compared to its average volume of 53,995,164. The stock has a market cap of $6.55 billion, a PE ratio of 25.48 and a beta of 5.52. MARA has a 12 month low of $9.21 and a 12 month high of $34.09. The stock has a 50-day simple moving average of $17.23 and a 200 day simple moving average of $18.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 3.75.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,417 shares of company stock worth $1,524,546. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.