B. Riley Has Positive Forecast for MARA Q4 Earnings

MARA Holdings, Inc. (NASDAQ:MARA) – Investment analysts at B. Riley lifted their Q4 2024 earnings per share (EPS) estimates for MARA in a research report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the business services provider will post earnings per share of ($0.22) for the quarter, up from their prior forecast of ($0.24). B. Riley currently has a “Neutral” rating and a $23.00 price target 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.

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

Other research analysts have also issued research reports about the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Up 4.7 %

Shares of NASDAQ MARA opened at $20.15 on Monday. The firm has a market cap of $6.48 billion, a P/E ratio of 25.51 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA has a 1 year low of $13.16 and a 1 year high of $34.09. The firm’s 50 day moving average price is $21.51 and its 200 day moving average price is $19.32.

Institutional Trading of MARA

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in MARA by 186.6% in the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of MARA during the second quarter worth approximately $198,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MARA by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,773 shares of the business services provider’s stock worth $968,000 after buying an additional 3,132 shares during the last quarter. Principal Financial Group Inc. raised its holdings in MARA by 4,394.8% in the second quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock valued at $26,892,000 after acquiring an additional 1,324,625 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in MARA during the 2nd quarter valued at $352,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MARA

In related news, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,615 shares of company stock valued at $3,258,686 over the last ninety days. Corporate 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.