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

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $14.48, but opened at $13.97. MARA shares last traded at $13.14, with a volume of 13,964,469 shares.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of recent analyst reports. HC Wainwright reissued a "buy" rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays decreased their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Finally, Piper Sandler lowered their target price on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.80.

MARA Stock Down 10.1 %

The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 16.42 and a beta of 6.82. The business has a fifty day simple moving average of $13.03 and a two-hundred day simple moving average of $17.40. 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 announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. Equities analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated 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 owns 1,773,788 shares in the company, valued at approximately $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. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after purchasing an additional 518,503 shares during the period. American Century Companies Inc. boosted its position in shares of MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after purchasing an additional 1,240,354 shares in the last quarter. Northern Trust Corp increased its position in shares of MARA by 18.1% in the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock valued at $55,233,000 after buying an additional 504,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 372,094 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

MARA Company Profile

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.

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