HC Wainwright Has Pessimistic Outlook of MARA Q4 Earnings

MARA Holdings, Inc. (NASDAQ:MARA) – Equities researchers at HC Wainwright dropped their Q4 2024 earnings estimates for MARA in a research note issued on Wednesday, November 13th. HC Wainwright analyst K. Dede now expects that the business services provider will post earnings per share of ($0.54) for the quarter, down from their prior 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 has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Macquarie assumed coverage on shares of MARA in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday. 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 investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus target price of $21.57.

MARA Stock Down 4.2 %

MARA stock opened at $20.79 on Friday. The company has a current ratio of 4.00, a quick ratio of 3.75 and a debt-to-equity ratio of 0.22. MARA has a 1-year low of $9.16 and a 1-year high of $34.09. The company has a fifty day simple moving average of $17.23 and a 200 day simple moving average of $18.56. The company has a market cap of $6.69 billion, a P/E ratio of 26.32 and a beta of 5.52.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’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 $292,250.00. Following the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. 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 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after purchasing an additional 441,455 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after buying an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MARA by 186.6% during the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after buying an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

About MARA

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.