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

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $16.35, but opened at $15.85. MARA shares last traded at $15.74, with a volume of 4,312,579 shares traded.

Analyst Ratings Changes

Several research analysts have recently weighed in on MARA shares. Piper Sandler lowered their price objective on MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Rosenblatt Securities raised their price target on shares of MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of MARA from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Barclays lifted their target price on MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.94.

MARA Stock Performance

The stock has a market cap of $5.29 billion, a P/E ratio of 19.04 and a beta of 6.61. The business has a 50 day moving average price of $14.33 and a 200 day moving average price of $16.50. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business's quarterly revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 33,400 shares of MARA stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,680,971 shares of the company's stock, valued at $25,214,565. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.68, for a total transaction of $431,278.40. Following the sale, the chief executive officer now owns 4,011,098 shares of the company's stock, valued at approximately $62,894,016.64. This represents a 0.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,615 shares of company stock valued at $2,083,284. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MARA. Janney Montgomery Scott LLC grew its stake in shares of MARA by 21.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider's stock valued at $261,000 after buying an additional 2,712 shares during the period. Louisiana State Employees Retirement System grew its position in shares of MARA by 9.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 155,600 shares of the business services provider's stock worth $2,609,000 after acquiring an additional 13,200 shares in the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of MARA during the fourth quarter worth $699,000. Gladstone Institutional Advisory LLC boosted its stake in MARA by 12.5% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 54,340 shares of the business services provider's stock valued at $911,000 after acquiring an additional 6,059 shares during the period. Finally, Van ECK Associates Corp increased its position in MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider's stock worth $28,120,000 after buying an additional 570,803 shares during the period. 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.