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

MARA Holdings, Inc. (NASDAQ:MARA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $20.55, but opened at $20.05. MARA shares last traded at $20.30, with a volume of 5,352,445 shares traded.

Analysts Set New Price Targets

MARA has been the topic of a number of recent analyst reports. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. B. Riley lifted their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 23.22 and a beta of 5.76. The firm has a fifty day simple moving average of $21.53 and a 200 day simple moving average of $19.22. 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 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 net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the company posted ($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, sell-side analysts expect 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 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at $36,351,560. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,615 shares of company stock worth $3,258,686. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in MARA by 15.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider’s stock worth $1,621,000 after buying an additional 10,674 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of MARA by 67.5% during the second quarter. Victory Capital Management Inc. now owns 57,695 shares of the business services provider’s stock worth $1,145,000 after purchasing an additional 23,242 shares in the last quarter. Arizona State Retirement System grew its stake in shares of MARA by 22.5% during the second quarter. Arizona State Retirement System now owns 74,926 shares of the business services provider’s stock valued at $1,487,000 after purchasing an additional 13,743 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of MARA by 340.6% in the second quarter. Private Advisor Group LLC now owns 177,137 shares of the business services provider’s stock valued at $3,516,000 after purchasing an additional 136,934 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in MARA by 200.2% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,015 shares of the business services provider’s stock worth $199,000 after purchasing an additional 20,015 shares during the last quarter. 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.