MARA (NASDAQ:MARA) Shares Gap Down - Here's Why

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'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 changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MARA shares. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price objective for the company. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price target for the company. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They set an "equal weight" rating and a $27.00 price objective on the stock. Compass Point cut shares of MARA from a "buy" rating to a "neutral" rating and raised their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One 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 company. Based on data from MarketBeat, MARA has an average rating of "Hold" and an average price target of $25.67.

MARA Stock Down 1.4 %

The business's 50 day simple moving average is $20.25 and its 200 day simple moving average is $18.82. 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 $5.70 billion, a PE ratio of 21.27 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The company's revenue was up 34.4% on a year-over-year basis. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 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 transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

A number of large investors have recently bought and sold shares of MARA. Truvestments Capital LLC bought a new stake in shares of MARA during the third quarter worth $26,000. Beacon Capital Management LLC bought a new stake in MARA during the 4th quarter valued at about $26,000. Larson Financial Group LLC boosted its position in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of MARA by 74.8% during the third 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. Hedge funds and other 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.