MARA (NASDAQ:MARA) Shares Gap Down – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price gapped down prior to trading on Monday . The stock had previously closed at $18.34, but opened at $16.92. MARA shares last traded at $17.55, with a volume of 10,600,894 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MARA shares. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Macquarie upped their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and raised their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Stock Down 1.7 %

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’s 50 day moving average price is $20.66 and its 200 day moving average price is $18.85. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 22.34 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during 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%. The firm’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,915 shares of company stock valued at $2,980,694 in the last 90 days. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in MARA in the 3rd quarter worth about $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA in the fourth quarter worth approximately $26,000. Larson Financial Group LLC increased its position 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. Stonehage Fleming Financial Services Holdings Ltd raised its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 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.