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

MARA Holdings, Inc. (NASDAQ:MARA) shares gapped up before the market opened on Tuesday . The stock had previously closed at $17.29, but opened at $17.98. MARA shares last traded at $17.42, with a volume of 7,893,882 shares trading hands.

Analyst Upgrades and Downgrades

MARA has been the topic of several research analyst reports. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays started coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Stock Performance

The business’s 50 day simple moving average is $21.47 and its two-hundred day simple moving average is $19.26. The firm has a market capitalization of $5.40 billion, a P/E ratio of 21.23 and a beta of 5.63. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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). The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 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 $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock worth $3,258,686 over the last quarter. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MARA by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,773 shares of the business services provider’s stock valued at $968,000 after acquiring an additional 3,132 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of MARA in the second quarter worth approximately $352,000. Commonwealth Equity Services LLC grew its position in MARA by 15.0% during the second quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider’s stock valued at $1,621,000 after buying an additional 10,674 shares during the period. Rhumbline Advisers increased its holdings in MARA by 126.5% during the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after buying an additional 439,309 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in MARA in the second quarter worth approximately $1,314,000. 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.