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

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $19.25, but opened at $19.81. MARA shares last traded at $19.95, with a volume of 8,927,501 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Finally, Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One investment 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.80.

MARA Stock Performance

The stock has a market capitalization of $6.48 billion, a P/E ratio of 25.51 and a beta of 5.63. The company’s fifty day simple moving average is $21.51 and its two-hundred day simple moving average is $19.32. 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 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 the consensus estimate of $140.26 million. During the same quarter last year, the business posted ($0.05) EPS. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the transaction, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after acquiring an additional 12,157 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of MARA by 4.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock worth $1,292,000 after acquiring an additional 3,200 shares in the last quarter. Geode Capital Management LLC increased its stake in MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares during the last quarter. Finally, M&T Bank Corp raised its position in MARA by 14.1% during the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 2,418 shares in 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.