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

MARA Holdings, Inc. (NASDAQ:MARA)’s share price 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 trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Compass Point cut 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 note on Monday. They set an “equal weight” rating and a $27.00 price target on the stock. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, November 13th. Finally, Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $23.33.

MARA Stock Performance

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 has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $18.77. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 32.86 and a beta of 5.52.

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 the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue was up 34.4% compared to the same quarter last year. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s 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 transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at $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 available through the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,622 shares of company stock worth $2,399,805. 0.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MARA. Truvestments Capital LLC bought a new position in shares of MARA during the 3rd quarter worth $26,000. Larson Financial Group LLC grew its stake in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the period. Signaturefd LLC grew its stake in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the period. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter worth $50,000. Finally, DekaBank Deutsche Girozentrale bought a new position in MARA in the 1st quarter worth about $105,000. Institutional investors own 44.53% of the company’s stock.

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.