Q1 Earnings Estimate for Hut 8 Issued By HC Wainwright

Hut 8 Corp. (NASDAQ:HUT) – Stock analysts at HC Wainwright issued their Q1 2025 earnings estimates for Hut 8 in a research report issued on Friday, November 8th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of ($0.21) per share for the quarter. HC Wainwright has a “Buy” rating and a $13.50 price target on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.56) per share. HC Wainwright also issued estimates for Hut 8’s Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.10 EPS and Q4 2025 earnings at $0.17 EPS.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.11. The firm had revenue of $35.22 million for the quarter, compared to analysts’ expectations of $38.00 million.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum boosted their price target on Hut 8 from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of Hut 8 in a research report on Monday, October 7th. Needham & Company LLC raised their price target on shares of Hut 8 from $15.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, September 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Hut 8 in a research note on Wednesday, August 21st. Finally, Stifel Nicolaus raised their target price on Hut 8 from $15.00 to $18.00 and gave the company a “speculative buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.00.

Hut 8 Stock Performance

Shares of NASDAQ HUT opened at $23.86 on Monday. Hut 8 has a one year low of $6.18 and a one year high of $25.32. The business’s 50-day moving average price is $13.27 and its two-hundred day moving average price is $12.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.68 and a current ratio of 1.68.

Insider Activity at Hut 8

In other Hut 8 news, Director Joseph Flinn sold 7,618 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $11.74, for a total transaction of $89,435.32. Following the completion of the sale, the director now directly owns 11,861 shares in the company, valued at $139,248.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HUT. Capital Performance Advisors LLP bought a new stake in shares of Hut 8 in the third quarter valued at about $40,000. Amalgamated Bank bought a new stake in shares of Hut 8 in the 2nd quarter worth approximately $42,000. Intech Investment Management LLC acquired a new stake in shares of Hut 8 during the 3rd quarter worth approximately $133,000. Victory Capital Management Inc. bought a new stake in shares of Hut 8 during the second quarter valued at approximately $154,000. Finally, Entropy Technologies LP acquired a new position in shares of Hut 8 in the third quarter valued at $170,000. 31.75% of the stock is currently owned by institutional investors and hedge funds.

Hut 8 Company Profile

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.