MARA (NASDAQ:MARA) Shares Gap Up – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $24.97, but opened at $26.03. MARA shares last traded at $26.80, with a volume of 25,929,186 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MARA shares. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays began coverage on MARA in a research report on Monday. They set an “equal weight” rating and a $27.00 price objective for the company. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. dropped their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.33.

MARA Stock Performance

The stock has a 50-day moving average of $18.42 and a 200-day moving average of $18.82. 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 market cap of $8.51 billion, a price-to-earnings ratio of 32.56 and a beta of 5.52.

MARA (NASDAQ:MARA) last issued its quarterly earnings data 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 period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,622 shares of company stock worth $2,399,805. 0.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MARA

Institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of MARA during the 3rd quarter valued at approximately $26,000. Larson Financial Group LLC lifted its holdings in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC grew its position in MARA by 74.8% in the 3rd 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 purchased a new position in MARA during the 3rd quarter worth $50,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of MARA during the 1st quarter worth approximately $105,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.