MARA (NASDAQ:MARA) Shares Gap Down – Time to Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) gapped down prior to trading on Monday . The stock had previously closed at $11.30, but opened at $10.12. MARA shares last traded at $10.19, with a volume of 6,824,462 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Barclays lowered their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MARA currently has an average rating of “Hold” and an average target price of $22.80.

MARA Price Performance

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $14.57 and its 200-day moving average price is $17.90. The company has a market cap of $3.89 billion, a PE ratio of 14.25 and a beta of 6.10.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several institutional investors have recently made changes to their positions in MARA. Weiss Asset Management LP bought a new stake in MARA in the third quarter worth approximately $1,557,000. Capital Advisors Inc. OK bought a new stake in MARA in the fourth quarter worth $699,000. Arkadios Wealth Advisors bought a new position in MARA during the fourth quarter valued at about $231,000. Foundations Investment Advisors LLC lifted its position in shares of MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock worth $1,877,000 after buying an additional 42,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after acquiring an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.