Research Analysts Set Expectations for MARA FY2026 Earnings

Key Points

• HC Wainwright sharply raised its FY2026 EPS forecast for MARA to a loss of $0.07 per share from a projected loss of $2.43, maintaining a Buy rating and $20 price target.
• MARA reported quarterly EPS of $1.28, beating the consensus estimate of a $0.39 loss, but revenue of $164.23 million fell short of analysts’ $183.24 million forecast.
• Analyst views remain mixed: MARA has an average Hold rating and a $16 consensus price target, with recent targets ranging from $9 to $20.

MARA Holdings (NASDAQ:MARA - Free Report) - Stock analysts at HC Wainwright lifted their FY2026 earnings per share estimates for shares of MARA in a research note issued on Tuesday, November 10th. HC Wainwright analyst M. Colonnese now forecasts that the business services provider will post earnings of ($0.07) per share for the year, up from their previous estimate of ($2.43). HC Wainwright has a "Buy" rating and a $20.00 price objective on the stock. The consensus estimate for MARA's current full-year earnings is ($2.38) per share. HC Wainwright also issued estimates for MARA's Q4 2026 earnings at ($0.45) EPS, Q1 2027 earnings at ($0.34) EPS, Q2 2027 earnings at ($0.31) EPS, Q3 2027 earnings at ($0.30) EPS, Q4 2027 earnings at ($0.28) EPS and FY2027 earnings at ($1.24) EPS.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The business services provider reported $1.28 EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $1.67. MARA had a negative net margin of 411.23% and a negative return on equity of 37.75%. The company had revenue of $164.23 million for the quarter, compared to analyst estimates of $183.24 million.

A number of other research firms also recently issued reports on MARA. Morgan Stanley set a $10.00 target price on shares of MARA and gave the company an "underweight" rating in a research report on Friday, October 9th. Cantor Fitzgerald cut their target price on MARA from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Guggenheim reaffirmed a "neutral" rating on shares of MARA in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on MARA from $11.00 to $9.00 and set an "underweight" rating for the company in a research note on Wednesday. Finally, Weiss Ratings raised MARA from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, MARA presently has an average rating of "Hold" and a consensus target price of $16.00.

MARA Stock Up 4.4%

Shares of NASDAQ:MARA opened at $7.66 on Thursday. The business's 50-day moving average is $9.68 and its 200-day moving average is $10.63. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.31 and a quick ratio of 0.89. MARA has a 1 year low of $5.69 and a 1 year high of $16.43.

Insider Activity at MARA

In other MARA news, CFO Salman Khan sold 16,000 shares of MARA stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $9.21, for a total transaction of $147,360.00. Following the completion of the sale, the chief financial officer directly owned 377,066 shares in the company, valued at $3,472,777.86. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 on Friday, August 21st. The stock was sold at an average price of $12.00, for a total transaction of $100,512.00. Following the sale, the general counsel directly owned 898,780 shares of the company's stock, valued at $10,785,360. This represents a 0.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,396 shares of company stock valued at $1,311,490 over the last three months. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its stake in shares of MARA by 19.0% in the 3rd quarter. Private Advisor Group LLC now owns 42,009 shares of the business services provider's stock valued at $476,000 after acquiring an additional 6,699 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in MARA by 12.1% in the third quarter. Public Sector Pension Investment Board now owns 2,033,777 shares of the business services provider's stock worth $23,043,000 after buying an additional 219,097 shares during the period. Edgestream Partners L.P. purchased a new stake in MARA in the third quarter worth about $4,679,000. Western Wealth Management LLC lifted its holdings in MARA by 7.2% in the third quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider's stock worth $322,000 after buying an additional 1,894 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in MARA during the 3rd quarter valued at approximately $162,000. Hedge funds and other institutional investors own 44.53% of the company's stock.

Key Headlines Impacting MARA

Here are a few of the latest headlines about MARA:

• Positive Sentiment: The company sold 13,597 bitcoin for about $1.1 billion and repaid $750 million in bitcoin-backed loans, reducing leverage and freeing pledged bitcoin collateral. Reports also cite a 37% debt reduction. This may ease balance-sheet and collateral risks, though it reduces bitcoin holdings. Bitcoin sale, debt relief and buyback
• Positive Sentiment: Compass Point initiated coverage with a Buy rating and a $20 target, signaling optimism that the selloff was excessive. Compass Point rating and target
• Negative Sentiment: JPMorgan cut its price target from $11 to $9 and assigned an Underweight rating, while Guggenheim reiterated Neutral—evidence that some analysts remain cautious despite the buyback and debt repayment. Guggenheim rating

About MARA

MARA Holdings, Inc., formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards. The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.

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