Research Analysts Set Expectations for MARA Q4 Earnings

MARA Holdings, Inc. (NASDAQ:MARA) – Equities research analysts at HC Wainwright lowered their Q4 2024 earnings per share estimates for shares of MARA in a research note issued to investors on Wednesday, November 13th. HC Wainwright analyst K. Dede now expects that the business services provider will post earnings per share of ($0.54) for the quarter, down from their prior estimate of ($0.51). HC Wainwright has a “Buy” rating and a $28.00 price objective on the stock. The consensus estimate for MARA’s current full-year earnings is ($1.05) per share. HC Wainwright also issued estimates for MARA’s FY2025 earnings at ($1.55) EPS.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The company’s revenue was up 34.4% on a year-over-year basis.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Finally, Macquarie initiated 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and an average price target of $21.57.

MARA Stock Performance

NASDAQ:MARA opened at $21.07 on Friday. MARA has a fifty-two week low of $9.21 and a fifty-two week high of $34.09. The firm’s 50 day moving average is $17.38 and its two-hundred day moving average is $18.60. The company has a market cap of $6.78 billion, a P/E ratio of 26.67 and a beta of 5.52. The company has a quick ratio of 3.75, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in shares of MARA in the 3rd quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC increased its stake in shares of MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares during the last quarter. Larson Financial Group LLC raised its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Signaturefd LLC boosted its stake in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in MARA during the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the sale, the chief financial officer now directly 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 91,417 shares of company stock valued at $1,524,546 over the last quarter. Company insiders own 0.97% of the company’s stock.

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.