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

MARA Holdings, Inc. (NASDAQ:MARA) – Research analysts at B. Riley lifted their Q4 2024 EPS estimates for shares of MARA in a report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the business services provider will earn ($0.22) per share for the quarter, up from their prior estimate of ($0.24). B. Riley 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 announced 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis.

Several other brokerages also recently weighed in on MARA. 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 target price for the company. Macquarie raised their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Barclays assumed 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. JPMorgan Chase & Co. raised shares of 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

MARA stock opened at $19.25 on Monday. 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 one year low of $13.16 and a one year high of $34.09. The stock’s 50 day moving average price is $21.44 and its 200 day moving average price is $19.32. The firm has a market capitalization of $6.20 billion, a PE ratio of 24.37 and a beta of 5.63.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in shares of MARA by 27.7% during the 3rd 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 period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares during the period. Mutual of America Capital Management LLC grew its position in MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of MARA during the third quarter valued at $640,000. Finally, Weiss Asset Management LP acquired a new position in shares of MARA in the 3rd quarter valued at about $1,557,000. Institutional investors own 44.53% of the company’s stock.

Insider Buying and Selling at MARA

In other news, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the 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 $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock valued at $3,258,686 in the last ninety days. 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.