MARA (MARA) Projected to Post Earnings on Thursday
MARA (NASDAQ:MARA) is set to release its Q1 2025 earnings on May 8, with analysts predicting a loss of $0.32 per share and revenue of $234.19 million. The company previously reported earnings of $1.24 per share, exceeding estimates. MARA's stock has seen fluctuations, opening at $13.37, with a market cap of $4.62 billion. Recent insider sales include CEO Frederick G. Thiel and CFO Salman Hassan Khan. Analyst ratings vary, with a consensus hold rating and an average target price of $22.80.
MARA (NASDAQ:MARA - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.32) per share and revenue of $234.19 million for the quarter.
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MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, analysts expect MARA to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
MARA Trading Down 6.0 %
NASDAQ:MARA opened at $13.37 on Thursday. MARA has a 1 year low of $9.81 and a 1 year high of $30.28. The stock's fifty day moving average price is $12.98 and its two-hundred day moving average price is $17.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $4.62 billion, a P/E ratio of 16.92 and a beta of 6.10.
Insider Activity
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In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on MARA shares. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Barclays cut their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Rosenblatt Securities started coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, HC Wainwright reissued a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, April 24th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.80.
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Check Out Our Latest Stock Report on MARA
MARA Company Profile
(Get Free Report)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.
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