MARA (NASDAQ:MARA) Shares Gap Down – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) gapped down before the market opened on Tuesday . The stock had previously closed at $20.55, but opened at $20.05. MARA shares last traded at $20.30, with a volume of 5,352,445 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MARA shares. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. Finally, Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and an average target price of $25.80.

MARA Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 23.22 and a beta of 5.76. The business’s 50 day moving average is $21.53 and its 200 day moving average is $19.22.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period 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 MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at $74,389,070. 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 153,615 shares of company stock worth $3,258,686 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in MARA by 102.0% in the fourth quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider’s stock worth $215,000 after acquiring an additional 6,485 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares in the last quarter. Franklin Resources Inc. increased its position in MARA by 62.5% during the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after buying an additional 12,157 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in MARA by 4.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after buying an additional 3,200 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after buying an additional 378,542 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Company Profile

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.