HC Wainwright Estimates Hut 8's Q3 Earnings (NASDAQ:HUT)

Hut 8 Corp. (NASDAQ:HUT - Free Report) - HC Wainwright upped their Q3 2025 EPS estimates for Hut 8 in a research report issued on Thursday, November 14th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.10. HC Wainwright has a "Buy" rating and a $35.00 price target on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.55) per share. HC Wainwright also issued estimates for Hut 8's Q4 2025 earnings at $0.19 EPS.

Hut 8 (NASDAQ:HUT - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.11. The company had revenue of $35.22 million during the quarter, compared to the consensus estimate of $38.00 million.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC boosted their price objective on Hut 8 from $21.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday. Benchmark boosted their price objective on Hut 8 from $17.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday. Craig Hallum boosted their target price on Hut 8 from $15.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Hut 8 from $15.00 to $18.00 and gave the company a "speculative buy" rating in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group upped their target price on Hut 8 from $22.00 to $32.00 and gave the company a "buy" rating in a report on Thursday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Hut 8 has a consensus rating of "Buy" and an average target price of $30.17.

Hut 8 Trading Up 10.0 %

NASDAQ:HUT traded up $2.32 on Friday, reaching $25.46. 5,801,261 shares of the stock traded hands, compared to its average volume of 5,098,408. Hut 8 has a 1-year low of $6.18 and a 1-year high of $28.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.68 and a current ratio of 1.68. The company's 50 day moving average is $13.87 and its 200-day moving average is $12.74.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in Hut 8 by 12.6% during the third quarter. State Street Corp now owns 2,740,769 shares of the company's stock worth $33,602,000 after purchasing an additional 307,292 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Hut 8 in the third quarter valued at approximately $1,382,000. Clearline Capital LP increased its stake in Hut 8 by 966.7% during the third quarter. Clearline Capital LP now owns 199,576 shares of the company's stock worth $2,447,000 after acquiring an additional 180,867 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Hut 8 during the third quarter worth $834,000. Finally, JAT Capital Mgmt LP acquired a new stake in shares of Hut 8 in the third quarter valued at $32,260,000. 31.75% of the stock is owned by institutional investors and hedge funds.

About Hut 8

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.