MARA (NASDAQ:MARA) Shares Gap Down – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price gapped down before the market opened 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.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MARA. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Macquarie raised their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Finally, B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a 50 day simple moving average of $21.53 and a two-hundred day simple moving average of $19.22. The stock has a market cap of $6.26 billion, a P/E ratio of 24.63 and a beta of 5.76.

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

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 153,615 shares of company stock valued at $3,258,686. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its position in shares of MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 8.9% in the third 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. Mutual of America Capital Management LLC boosted its position in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after buying an additional 107,963 shares during the period. Everence Capital Management Inc. purchased a new position in shares of MARA during the third quarter valued at $640,000. Finally, Weiss Asset Management LP acquired a new position in MARA during the third quarter valued at $1,557,000. 44.53% of the stock is currently owned by 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.