MARA (NASDAQ:MARA) Shares Gap Up – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares gapped up before the market opened on Friday . The stock had previously closed at $18.30, but opened at $19.23. MARA shares last traded at $19.74, with a volume of 11,923,690 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on MARA shares. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Macquarie increased their price target 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. Finally, Barclays started coverage on shares of MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.80.

MARA Trading Up 12.7 %

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $21.61 and its two-hundred day simple moving average is $19.15. The stock has a market capitalization of $6.64 billion, a P/E ratio of 26.09 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly 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 net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same period last year, the company earned ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, analysts forecast that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction dated 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 directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 109,410 shares of company stock valued at $2,485,329. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of MARA during the 3rd quarter worth about $640,000. Finally, Weiss Asset Management LP acquired a new stake in shares of MARA during the 3rd quarter worth about $1,557,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.