MARA (NASDAQ:MARA) Shares Gap Up – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.25, but opened at $19.81. MARA shares last traded at $19.95, with a volume of 8,927,501 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MARA. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Barclays began coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, B. Riley increased their target price on 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 five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Up 3.9 %

The firm’s fifty day simple moving average is $21.44 and its 200 day simple moving average is $19.32. 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 company has a market cap of $6.44 billion, a price-to-earnings ratio of 25.33 and a beta of 5.63.

MARA (NASDAQ:MARA) last issued 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 in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. Sell-side analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Activity

In related news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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 approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Truvestments Capital LLC acquired a new position in shares of MARA in the 3rd quarter valued at $26,000. Larson Financial Group LLC increased its stake in MARA by 124.2% in the third 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. Signaturefd LLC raised its holdings 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 valued at $48,000 after buying an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MARA during the third quarter worth about $50,000. Finally, Tobam grew its holdings in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after buying an additional 4,880 shares during the last quarter. 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.