Northland Capmk Has Negative View of Bit Digital Q3 Earnings

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Analysts at Northland Capmk lowered their Q3 2025 earnings per share (EPS) estimates for Bit Digital in a note issued to investors on Monday, March 17th. Northland Capmk analyst M. Grondahl now expects that the company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. Northland Capmk also issued estimates for Bit Digital's Q4 2025 earnings at $0.00 EPS.

BTBT has been the subject of a number of other reports. Craig Hallum initiated coverage on Bit Digital in a research note on Tuesday, January 21st. They issued a "buy" rating and a $6.00 target price for the company. HC Wainwright reiterated a "buy" rating and issued a $7.00 price objective on shares of Bit Digital in a research report on Monday, March 17th.

Bit Digital Price Performance

Shares of NASDAQ:BTBT traded down $0.07 during midday trading on Tuesday, reaching $2.33. The company's stock had a trading volume of 13,105,224 shares, compared to its average volume of 12,826,442. Bit Digital has a fifty-two week low of $1.76 and a fifty-two week high of $5.74. The company has a market capitalization of $357.68 million, a P/E ratio of 38.83 and a beta of 5.13. The business's fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.42.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%. The company had revenue of $26.10 million for the quarter, compared to analyst estimates of $25.06 million. During the same quarter in the prior year, the company earned ($0.16) earnings per share.

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Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC bought a new stake in shares of Bit Digital during the 3rd quarter valued at $1,222,000. Intech Investment Management LLC bought a new stake in shares of Bit Digital during the 3rd quarter worth $95,000. Charles Schwab Investment Management Inc. lifted its position in shares of Bit Digital by 192.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company's stock worth $2,831,000 after buying an additional 530,411 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Bit Digital during the 3rd quarter worth $38,000. Finally, State Street Corp lifted its position in shares of Bit Digital by 1.7% during the 3rd quarter. State Street Corp now owns 5,597,517 shares of the company's stock worth $19,647,000 after buying an additional 94,762 shares during the last quarter. 47.70% of the stock is owned by institutional investors and hedge funds.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.