MARA (MARA) Projected to Post Earnings on Wednesday

MARA (NASDAQ:MARA) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect MARA to post earnings of ($0.30) per share and revenue of $187.11 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

MARA Stock Down 5.0 %

MARA stock opened at $16.05 on Wednesday. MARA has a 12-month low of $13.16 and a 12-month high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 20.32 and a beta of 5.76. The company has a 50 day moving average of $19.00 and a two-hundred day moving average of $18.59.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,710 shares of company stock worth $2,081,375. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. 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 target on the stock. Finally, HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.67.

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.