Fri Nov 22 23:18:02 UTC 2024: ## MARA Holdings Stock Gaps Up on Mixed Analyst Ratings and Recent Earnings Miss

**Fort Lauderdale, FL – November 15, 2024** – Shares of MARA Holdings, Inc. (NASDAQ: MARA), a digital asset technology company, opened significantly higher than its previous closing price on Wednesday, trading at $20.74 after closing at $19.86. The stock saw a volume of 31,727,855 shares and last traded at $21.42.

The price jump comes amidst a mixed bag of analyst opinions. While HC Wainwright reaffirmed a “buy” rating with a $28.00 price target and Macquarie upped its price objective to $29.00 with an “outperform” rating, JPMorgan Chase & Co. lowered its target price to $12.00 and issued an “underweight” rating. Needham & Company LLC maintained a “hold” rating, and Cantor Fitzgerald initiated coverage with an “overweight” rating and a $21.00 price target. Overall, MarketBeat.com reports an average analyst rating of “Hold” with a $22.57 average price target.

MARA’s recent quarterly earnings report, released on November 12th, showed a miss on analysts’ expectations. The company reported earnings per share (EPS) of ($0.42), missing the consensus estimate of ($0.38). While revenue was up 34.4% year-over-year at $131.60 million, it fell short of the projected $140.26 million.

Adding to the recent activity, insider trading was also reported. CFO Salman Hassan Khan sold 16,700 shares, and CEO Frederick G. Thiel sold 27,512 shares. Institutional investors also made significant moves in their holdings during recent quarters, with several increasing their stakes substantially. Currently, institutional investors own 44.53% of MARA’s stock.

MARA Holdings, Inc. boasts a market capitalization of $7.28 billion, a P/E ratio of 28.00, and a beta of 5.52. The company’s financial health indicators include a current ratio and quick ratio of 4.00, and a debt-to-equity ratio of 0.22. Analysts predict MARA will post -0.72 EPS for the current fiscal year.

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