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

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price gapped down before the market opened 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 trading hands.

Analyst Upgrades and Downgrades

MARA has been the subject of several recent analyst reports. Piper Sandler initiated coverage on shares of MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.67.

MARA Stock Performance

The firm has a market cap of $6.02 billion, a PE ratio of 22.42 and a beta of 5.76. 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 firm’s 50 day moving average price is $20.97 and its two-hundred day moving average price is $18.94.

MARA (NASDAQ:MARA) last posted its earnings results 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period last year, the business earned ($0.05) EPS. MARA’s revenue was up 34.4% compared to the same quarter last year. On average, research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on 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 owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,915 shares of company stock worth $2,980,694. 0.80% of the stock is currently owned by insiders.

Institutional Trading of MARA

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC grew its holdings in shares of MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of MARA in the third quarter valued at $640,000. Finally, Weiss Asset Management LP purchased a new position in MARA in the third quarter valued at $1,557,000. 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.