B. Riley Comments on MARA’s Q4 Earnings (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA) – B. Riley lifted their Q4 2024 EPS estimates for MARA in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the business services provider will earn ($0.22) per share for the quarter, up from their previous estimate of ($0.24). B. Riley has a “Neutral” rating and a $23.00 price objective 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.

A number of other equities research analysts have also recently commented on MARA. Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.80.

MARA Stock Down 2.0 %

MARA stock opened at $19.96 on Monday. MARA has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 25.27 and a beta of 5.63. The stock’s fifty day moving average is $21.40 and its two-hundred day moving average is $19.33. 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 (NASDAQ:MARA) last released 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 firm had revenue of $131.60 million during 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%. The business’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. This represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

Large investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in MARA in the third quarter valued at approximately $26,000. Larson Financial Group LLC lifted its holdings in shares of MARA by 124.2% during the 3rd 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 position in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP acquired a new stake in MARA in the 3rd quarter valued at $50,000. Finally, Tobam raised its position in MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.