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

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price gapped down prior to trading 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.

Analyst Upgrades and Downgrades

MARA has been the topic of several recent research reports. Piper Sandler began coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. B. Riley raised their price objective 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. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Trading Down 3.3 %

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 company has a market capitalization of $6.02 billion, a P/E ratio of 22.42 and a beta of 5.76. The company’s fifty day simple moving average is $20.97 and its 200-day simple moving average is $18.94.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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). The business 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% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 136,915 shares of company stock valued at $2,980,694. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of large investors have recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in MARA during the 3rd quarter valued at about $26,000. Beacon Capital Management LLC purchased a new position in shares of MARA during the 4th quarter valued at approximately $26,000. Larson Financial Group LLC lifted its stake in shares of 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 purchasing an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of MARA by 74.8% in 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. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Company Profile

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.