HC Wainwright Weighs in on MARA’s Q4 Earnings (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA) – HC Wainwright reduced their Q4 2024 earnings per share (EPS) estimates for MARA in a report released on Wednesday, November 13th. HC Wainwright analyst K. Dede now anticipates that the business services provider will post earnings of ($0.54) per share for the quarter, down from their previous forecast of ($0.51). HC Wainwright currently has a “Buy” rating and a $28.00 price target 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 issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday. Macquarie began coverage on MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.57.

MARA Stock Up 1.3 %

MARA stock opened at $21.07 on Friday. The firm’s fifty day simple moving average is $17.38 and its 200-day simple moving average is $18.58. The company has a market capitalization of $6.78 billion, a P/E ratio of 26.67 and a beta of 5.52. MARA has a 12 month low of $9.21 and a 12 month high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 3.75.

Institutional Trading of MARA

Hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in shares of MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in MARA in the 3rd quarter worth about $640,000. Rhumbline Advisers increased its stake in MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after buying an additional 439,309 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of MARA during the second quarter worth $4,498,000. Finally, Public Sector Pension Investment Board purchased a new stake in shares of MARA during the 2nd quarter worth about $11,920,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction 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 of the company’s stock, valued at $74,389,070. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a 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 dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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.

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.