Equities Analysts Issue Forecasts for MARA Q3 Earnings

MARA Holdings (NASDAQ:MARA) – Stock analysts at HC Wainwright issued their Q3 2026 earnings estimates for shares of MARA in a research note issued to investors on Friday, September 11th. HC Wainwright analyst M. Colonnese expects that the business services provider will earn ($0.63) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $20.00 target price on the stock. The consensus estimate for MARA’s current full-year earnings is ($1.24) per share. HC Wainwright also issued estimates for MARA’s Q4 2026 earnings at ($0.50) EPS, FY2026 earnings at ($2.43) EPS, Q1 2027 earnings at ($0.36) EPS, Q2 2027 earnings at ($0.35) EPS, Q3 2027 earnings at ($0.38) EPS, Q4 2027 earnings at ($0.39) EPS and FY2027 earnings at ($1.47) EPS.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. The company had revenue of $174.88 million for the quarter, compared to analysts’ expectations of $209.44 million. During the same quarter last year, the business posted $1.84 EPS. The business’s quarterly revenue was down 26.7% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on MARA. Cantor Fitzgerald lowered their price target on MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Piper Sandler cut their price objective on MARA from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, July 17th. BTIG Research reiterated a “buy” rating and set a $27.00 price objective on shares of MARA in a research report on Monday, June 1st. Morgan Stanley raised their price objective on MARA from $5.50 to $6.00 and gave the company an “underweight” rating in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $11.00 target price (down from $13.00) on shares of MARA in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.70.

MARA Stock Down 4.0%

Shares of NASDAQ:MARA opened at $11.50 on Tuesday. MARA has a 52-week low of $6.66 and a 52-week high of $23.45. The firm has a fifty day moving average of $11.22 and a 200 day moving average of $11.39. The firm has a market capitalization of $4.44 billion, a PE ratio of -1.26 and a beta of 5.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89.

Institutional Trading of MARA

A number of institutional investors have recently made changes to their positions in MARA. CI Investments Inc. boosted its position in MARA by 7.6% during the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock valued at $110,000 after buying an additional 957 shares during the period. Greenleaf Trust grew its stake in shares of MARA by 9.9% in the second quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock worth $165,000 after purchasing an additional 1,076 shares during the last quarter. Evexia Wealth LLC grew its stake in shares of MARA by 9.2% in the first quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,090 shares during the last quarter. Sigma Planning Corp increased its holdings in MARA by 12.5% during the 1st quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 1,485 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in MARA by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,598 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Buying and Selling

In related news, CFO Salman Khan sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $9.21, for a total transaction of $147,360.00. Following the transaction, the chief financial officer directly owned 377,066 shares in the company, valued at $3,472,777.86. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of MARA stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $12.00, for a total value of $100,512.00. Following the completion of the transaction, the general counsel directly owned 898,780 shares in the company, valued at $10,785,360. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 109,386 shares of company stock worth $1,332,889 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Key Stories Impacting MARA

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Analyst coverage remains relatively supportive overall: MARA has been given a consensus rating of “Moderate Buy,” suggesting some analysts still see upside despite recent concerns. MARA Holdings Given Consensus Rating of Moderate Buy
• Neutral Sentiment: MARA presented at the H.C. Wainwright Global Investment Conference, giving investors an update on its strategy and business outlook. The presentation is relevant as the company works to expand beyond cryptocurrency mining, although the transcript itself does not indicate a specific new catalyst. MARA H.C. Wainwright Conference Transcript
• Neutral Sentiment: A comparison of Progress Software and MARA places the companies side by side but does not appear to provide a material new development for MARA. Reviewing Progress Software and MARA
• Negative Sentiment: JPMorgan double-downgraded MARA from Overweight to Underweight and reduced its price target from $13 to $11. The bank cited uncertainty around MARA’s pivot from Bitcoin mining to data centers, including questions about execution, capital requirements and the economics of the new business. The downgrade is the clearest near-term reason for the stock’s weakness. MARA Stock Tumbles as Strategy and Bitcoin Face Tests
• Negative Sentiment: Market concerns also include a pause in Strategy’s Bitcoin purchases and a potential technical or macro test for Bitcoin. Weaker cryptocurrency sentiment could pressure MARA’s mining revenue and valuation because of its substantial Bitcoin exposure. MARA Stock Tumbles, Strategy Pauses, and Bitcoin Faces a Key Test

MARA Company Profile

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.

MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.