MARA (NASDAQ:MARA) Shares Gap Down – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $25.23, but opened at $24.32. MARA shares last traded at $25.08, with a volume of 19,102,211 shares trading hands.

Wall Street Analyst Weigh In

MARA has been the subject of a number of research reports. Macquarie initiated coverage on MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target for the company. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.57.

MARA Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 30.23 and a beta of 5.52. The stock has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $18.52.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at $33,022,547.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at $33,022,547.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,417 shares of company stock worth $1,500,486 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new position in MARA in the 3rd quarter valued at $26,000. Beaird Harris Wealth Management LLC boosted its position in MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after buying an additional 695 shares during the last quarter. Larson Financial Group LLC boosted its position in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the last quarter. Signaturefd LLC boosted its position in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in MARA in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors 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.