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

MARA Holdings, Inc. (NASDAQ:MARA) shares gapped up prior to trading on Friday . The stock had previously closed at $18.30, but opened at $19.23. MARA shares last traded at $19.74, with a volume of 11,923,690 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, B. Riley increased their price target on 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 given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, MARA has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

The stock has a fifty day moving average price of $21.63 and a 200-day moving average price of $19.12. The firm has a market capitalization of $6.41 billion, a PE ratio of 25.20 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings results 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 company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.09 EPS for the current fiscal year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,410 shares of company stock valued at $2,485,329 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management increased its stake in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 700 shares in the last quarter. Larson Financial Group LLC increased 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 in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares in the last quarter. Signaturefd LLC increased its stake in shares of 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 purchasing an additional 1,273 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in shares of MARA by 7.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 19,766 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 1,394 shares in 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.