HC Wainwright Lifts Earnings Estimates for Marathon Digital

Key Points

• HC Wainwright has increased its Q3 2025 earnings per share estimate for Marathon Digital from ($0.41) to ($0.26), maintaining a "Buy" rating with a target price of $28.00.
• The consensus for Marathon Digital's full-year earnings for 2025 is estimated at ($2.08) per share, while for 2026 it is expected at ($1.27) per share.
• Marathon Digital's stock experienced a 3.6% decline on the last trading day, with a current trading price around $15.50 per share.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) - Equities research analysts at HC Wainwright lifted their Q3 2025 earnings per share estimates for Marathon Digital in a research note issued to investors on Wednesday, July 30th. HC Wainwright analyst K. Dede now anticipates that the business services provider will earn ($0.26) per share for the quarter, up from their prior forecast of ($0.41). HC Wainwright currently has a "Buy" rating and a $28.00 target price on the stock. The consensus estimate for Marathon Digital's current full-year earnings is ($1.04) per share. HC Wainwright also issued estimates for Marathon Digital's Q4 2025 earnings at ($0.32) EPS, FY2025 earnings at ($2.08) EPS and FY2026 earnings at ($1.27) EPS.

A number of other analysts have also issued reports on the company. Cantor Fitzgerald increased their target price on Marathon Digital from $34.00 to $39.00 and gave the company an "overweight" rating in a report on Monday. Macquarie upped their price target on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays upped their price target on shares of Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Compass Point raised shares of Marathon Digital from a "sell" rating to a "neutral" rating and upped their price target for the stock from $9.50 to $18.00 in a research note on Friday, July 25th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price target on shares of Marathon Digital in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.22.

Marathon Digital Stock Down 3.6%

Shares of MARA traded down $0.58 during mid-day trading on Friday, reaching $15.50. The company's stock had a trading volume of 43,055,752 shares, compared to its average volume of 48,524,008. The business has a fifty day moving average of $16.47 and a 200 day moving average of $15.35. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 13.96 and a beta of 6.24. Marathon Digital has a 1 year low of $9.81 and a 1 year high of $30.28. The company has a quick ratio of 0.79, a current ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The business had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. Marathon Digital's revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS.

Hedge Funds Weigh In On Marathon Digital

Several hedge funds have recently bought and sold shares of MARA. Milestone Asset Management Group LLC grew its position in shares of Marathon Digital by 9.2% in the second quarter. Milestone Asset Management Group LLC now owns 28,010 shares of the business services provider's stock valued at $439,000 after purchasing an additional 2,350 shares during the last quarter. United Capital Management of KS Inc. grew its position in shares of Marathon Digital by 8.6% in the second quarter. United Capital Management of KS Inc. now owns 39,117 shares of the business services provider's stock valued at $613,000 after purchasing an additional 3,090 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Marathon Digital by 6.7% in the second quarter. Teacher Retirement System of Texas now owns 52,515 shares of the business services provider's stock valued at $823,000 after purchasing an additional 3,320 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Marathon Digital in the second quarter valued at about $3,098,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Marathon Digital in the second quarter valued at about $183,000. 44.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marathon Digital news, CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $825,150.00. Following the transaction, the chief executive officer directly owned 4,146,804 shares of the company's stock, valued at $62,202,060. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 34,733 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total transaction of $550,518.05. Following the transaction, the chief financial officer directly owned 1,413,298 shares in the company, valued at $22,400,773.30. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 262,090 shares of company stock valued at $4,270,591 over the last three months. 0.80% of the stock is currently owned by insiders.

About Marathon Digital

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.