Federated Hermes Inc. Buys New Shares in MARA Holdings, Inc. (NASDAQ:MARA)

Federated Hermes Inc. acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,718 shares of the business services provider's stock, valued at approximately $364,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC grew its holdings in MARA by 7.2% during 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 buying an additional 518,503 shares in the last quarter. American Century Companies Inc. raised its position in MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after buying an additional 1,240,354 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $50,787,000 after acquiring an additional 372,094 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of MARA in the 4th quarter worth $46,413,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MARA. Rosenblatt Securities began coverage on shares of MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective for the company. Piper Sandler dropped their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Barclays cut their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.80.

MARA Price Performance

MARA traded down $0.37 during trading on Monday, reaching $12.29. 32,334,584 shares of the company were exchanged, compared to its average volume of 45,320,853. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 15.56 and a beta of 6.10. MARA Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28. The company's 50-day moving average is $13.28 and its two-hundred day moving average is $17.55.

MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

MARA 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.