MARA (MARA) to Release Earnings on Wednesday

MARA (NASDAQ:MARA) is anticipated to announce 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. Investors interested in participating in the company’s conference call can do so using this link.

MARA Stock Down 8.1 %

MARA opened at $14.66 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76. The business has a 50-day moving average of $18.42 and a two-hundred day moving average of $18.56. MARA has a 12 month low of $13.16 and a 12 month high of $34.09.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,015 shares of company stock valued at $2,237,086. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MARA shares. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus target price of $25.67.

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.