MARA (NASDAQ:MARA) Shares Gap Down - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price gapped down prior to trading 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.

Analysts Set New Price Targets

MARA has been the subject of several recent research reports. HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Piper Sandler began coverage on shares of MARA in a report on Tuesday, December 17th. They set an "overweight" rating and a $34.00 price objective on the stock. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of MARA from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of "Hold" and a consensus price target of $25.80.

MARA Price Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 24.14 and a beta of 5.76. The stock's fifty day moving average price is $21.53 and its two-hundred day moving average price is $19.22.

MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results 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 last year, the firm posted ($0.05) EPS. The firm's revenue for the quarter was up 34.4% on a year-over-year basis. Equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company'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 approximately $82,280,781. This represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,077,232 shares of the company's stock, valued at approximately $36,351,560. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,615 shares of company stock worth $3,258,686 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management lifted its holdings in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock worth $230,000 after acquiring an additional 700 shares during the period. Ranch Capital Advisors Inc. boosted its stake in shares of MARA by 6.1% in the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock valued at $269,000 after purchasing an additional 780 shares during the period. Larson Financial Group LLC grew its stake 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 valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider's stock worth $306,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in 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 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.