MARA (NASDAQ:MARA) Issues Earnings Results

MARA (NASDAQ:MARA) issued its earnings results on Monday. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $1.67, FiscalAI reports. The company had revenue of $164.23 million for the quarter, compared to analyst estimates of $183.24 million. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%.

MARA Trading Up 4.6%

MARA traded up $0.29 during midday trading on Monday, reaching $6.64. 42,143,240 shares of the company were exchanged, compared to its average volume of 44,934,086. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89. MARA has a one year low of $5.69 and a one year high of $16.62. The stock has a market capitalization of $2.57 billion, a P/E ratio of -0.72 and a beta of 5.23. The stock’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $10.68.

Trending Headlines about MARA

Here are the key news stories impacting MARA this week:

• Positive Sentiment: MARA reported earnings of $1.28 per share, well above analysts’ consensus estimate of a $0.39-per-share loss. It also mined 2,247 bitcoin during the quarter, while continuing its push into AI and cloud infrastructure—potentially broadening its business beyond bitcoin mining. MARA Q3 highlights
• Neutral Sentiment: The company’s AI and cloud expansion may offer future diversification, but the available report does not quantify its contribution or near-term financial impact. MARA third-quarter results
• Negative Sentiment: Revenue was $164.23 million, below analysts’ $183.24 million estimate. MARA also posted a negative net margin of 429.71% and negative return on equity, underscoring that the earnings-per-share beat does not erase significant profitability concerns. MARA earnings details
• Negative Sentiment: Crypto-related shares had been under pressure: a preview article noted MARA and other crypto stocks were down at least 37% since September 30, leaving the company exposed to weak sector sentiment alongside its earnings shortfall. Crypto earnings preview

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent research reports. Morgan Stanley set a $10.00 price target on shares of MARA and gave the stock an “underweight” rating in a research note on Friday, October 9th. HC Wainwright started coverage on shares of MARA in a research note on Friday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. Cantor Fitzgerald lowered their target price on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. lowered shares of MARA from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $11.00 in a report on Monday, September 14th. Finally, Weiss Ratings cut shares of MARA from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, October 23rd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and an average target price of $17.78.

Insider Transactions at MARA

In related news, General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $12.00, for a total value of $100,512.00. Following the sale, the general counsel directly owned 898,780 shares in the company, valued at $10,785,360. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $6.79, for a total transaction of $186,758.95. Following the transaction, the chief executive officer directly owned 4,149,585 shares in the company, valued at $28,175,682.15. The trade was a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 134,396 shares of company stock worth $1,311,490. 0.97% of the stock is currently owned by company insiders.

MARA Company Profile

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards.

The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.

Marathon Patent Group, the company’s predecessor, was founded in 2010 and later shifted its focus to digital assets and Bitcoin mining.