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

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $18.30, but opened at $19.23. MARA shares last traded at $19.74, with a volume of 11,923,690 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They set an "overweight" rating and a $21.00 price objective for the company. 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. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They set an "equal weight" rating and a $27.00 price objective for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.80.

MARA Price Performance

The firm has a market capitalization of $6.41 billion, a P/E ratio of 25.20 and a beta of 5.76. 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 50 day moving average price of $21.63 and a 200-day moving average price of $19.14.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (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 company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm's quarterly revenue was up 34.4% compared to the same quarter last year. On average, analysts expect that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares of the company's stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now owns 4,128,090 shares of the company's stock, valued at $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,410 shares of company stock valued at $2,485,329. Company insiders own 0.97% of the company's stock.

Hedge Funds Weigh In On MARA

Several institutional investors have recently bought and sold shares of MARA. Janney Montgomery Scott LLC boosted its position in MARA by 21.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider's stock valued at $261,000 after acquiring an additional 2,712 shares in the last quarter. Lake Hills Wealth Management LLC boosted its stake in MARA by 27.1% in the fourth quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider's stock valued at $218,000 after acquiring an additional 2,766 shares in the last quarter. Sara Bay Financial grew its stake in MARA by 5.3% during the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider's stock worth $2,121,000 after buying an additional 6,141 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in MARA during the 4th quarter valued at about $231,000. Finally, Fiduciary Alliance LLC purchased a new stake in MARA in the fourth quarter valued at about $397,000. 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.