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

Shares of MARA Holdings, Inc. (NASDAQ:MARA) gapped down prior to trading on Tuesday . The stock had previously closed at $26.42, but opened at $25.10. MARA shares last traded at $26.27, with a volume of 11,611,029 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on MARA. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, November 13th. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.33.

MARA Trading Up 7.8 %

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 stock has a market capitalization of $8.66 billion, a PE ratio of 34.08 and a beta of 5.52. The business’s fifty day moving average is $18.42 and its 200-day moving average is $18.82.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,822 shares of company stock valued at $2,702,877 in the last three months. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in 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 valued at $116,115,000 after acquiring an additional 378,542 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Bank of New York Mellon Corp increased its stake in MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 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.