MARA (NASDAQ:MARA) Shares Gap Up – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) gapped up prior to trading on Thursday . The stock had previously closed at $23.27, but opened at $23.80. MARA shares last traded at $23.73, with a volume of 9,856,495 shares trading hands.

Analyst Ratings Changes

MARA has been the topic of a number of research analyst reports. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Barclays started coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus price target of $24.56.

MARA Trading Up 0.7 %

The business’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $19.27. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 28.77 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings data 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). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. Equities analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,622 shares of company stock valued at $2,890,197 in the last 90 days. 0.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MARA

Several institutional investors have recently bought and sold shares of MARA. Financial Advocates Investment Management lifted its holdings in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. raised its position in MARA by 6.1% in the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 780 shares during the period. Larson Financial Group LLC lifted its stake in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after buying an additional 1,170 shares during the period. Finally, Signaturefd LLC grew its stake in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. 44.53% of the stock is currently 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.