MARA (NASDAQ:MARA) Shares Gap Down – Should You Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) 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 changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. B. Riley upped their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Barclays began coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, MARA presently has an average rating of “Hold” and an average price target of $25.67.

MARA Price Performance

The company has a 50 day moving average of $20.66 and a 200 day moving average of $18.85. 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 stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 22.34 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its earnings results 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). 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 analysts’ expectations of $140.26 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their ownership of the stock. 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. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently modified their holdings of the business. Spire Wealth Management grew its position in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its position in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the period. Larson Financial Group LLC raised its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares during the period. 44.53% of the stock is currently 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.