Research Analysts Set Expectations for MARA Q3 Earnings

MARA Holdings (NASDAQ:MARA) – Investment analysts at HC Wainwright issued their Q3 2026 earnings per share estimates for MARA in a report released 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 has been the subject of several other research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 price target (down from $13.00) on shares of MARA in a report on Monday. Cantor Fitzgerald cut their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Citizens Jmp started coverage on shares of MARA in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price objective for the company. Weiss Ratings upgraded shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of MARA in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, MARA currently has an average rating of “Hold” and a consensus price target of $18.70.

MARA Stock Performance

Shares of MARA stock opened at $11.50 on Tuesday. MARA has a 52 week low of $6.66 and a 52 week high of $23.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $11.22 and a 200-day moving average price of $11.39. The company has a market cap of $4.44 billion, a PE ratio of -1.26 and a beta of 5.32.

MARA (NASDAQ:MARA) last released its earnings results on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing the consensus estimate of $0.17 by ($1.77). The business had revenue of $174.88 million for the quarter, compared to analyst estimates of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The company’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of MARA by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 9,957,766 shares of the business services provider’s stock worth $89,434,000 after buying an additional 251,674 shares in the last quarter. California State Teachers Retirement System grew its position in MARA by 1,266.3% during the second quarter. California State Teachers Retirement System now owns 5,629,700 shares of the business services provider’s stock worth $78,197,000 after buying an additional 5,217,648 shares in the last quarter. Norges Bank bought a new position in MARA in the 4th quarter worth about $39,492,000. Capital World Investors increased its stake in MARA by 0.6% in the 4th quarter. Capital World Investors now owns 2,954,764 shares of the business services provider’s stock worth $26,534,000 after acquiring an additional 19,048 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in MARA by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,838,149 shares of the business services provider’s stock worth $14,999,000 after acquiring an additional 35,978 shares during the last quarter. 44.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total value of $391,946.25. Following the sale, the chief executive officer directly owned 4,562,009 shares of the company’s stock, valued at approximately $65,008,628.25. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas K. Mellinger sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $16.00, for a total transaction of $112,000.00. Following the completion of the transaction, the director owned 231,618 shares of the company’s stock, valued at $3,705,888. This trade represents a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 109,386 shares of company stock worth $1,332,889 in the last 90 days. 0.97% of the stock is owned by company insiders.

Key Headlines 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.