HC Wainwright Issues Optimistic Outlook for MARA Earnings

Marathon Digital Holdings, Inc. (NASDAQ:MARA) – Research analysts at HC Wainwright lifted their Q3 2025 EPS estimates for shares of Marathon Digital in a report released on Wednesday, July 30th. HC Wainwright analyst K. Dede now expects that the business services provider will post earnings of ($0.26) per share for the quarter, up from their prior forecast of ($0.41). HC Wainwright has a “Buy” rating and a $28.00 price objective 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.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%. The firm had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $234.19 million. During the same quarter last year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year.

Other analysts have also issued reports about the company. Compass Point raised Marathon Digital from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $9.50 to $18.00 in a research report on Friday, July 25th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 target price on shares of Marathon Digital in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Marathon Digital from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $22.00 in a report on Monday, July 28th. Piper Sandler increased their price target on shares of Marathon Digital from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Cantor Fitzgerald raised their price objective on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Marathon Digital Stock Performance

MARA stock opened at $15.50 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.74 billion, a PE ratio of 13.96 and a beta of 6.24. The business has a 50 day moving average of $16.47 and a 200-day moving average of $15.35. Marathon Digital has a 12-month low of $9.81 and a 12-month high of $30.28.

Insider Buying and Selling

In other news, Director Douglas K. Mellinger sold 3,000 shares of Marathon Digital stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the transaction, the director owned 176,859 shares in the company, valued at $2,829,744. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $19.52, for a total transaction of $536,897.60. Following the sale, the chief executive officer owned 3,946,504 shares in the company, valued at $77,035,758.08. The trade was a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,090 shares of company stock valued at $4,270,591. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Marathon Digital

Several institutional investors have recently made changes to their positions in the stock. 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 in the last quarter. United Capital Management of KS Inc. lifted its holdings in Marathon Digital by 8.6% during the 2nd quarter. United Capital Management of KS Inc. now owns 39,117 shares of the business services provider’s stock worth $613,000 after purchasing an additional 3,090 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Marathon Digital by 6.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 52,515 shares of the business services provider’s stock worth $823,000 after purchasing an additional 3,320 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Marathon Digital during the 2nd quarter valued at about $3,098,000. Finally, Envestnet Asset Management Inc. purchased a new position in Marathon Digital during the 2nd quarter valued at about $183,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.