Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Analysts at Northland Capmk dropped their Q2 2025 EPS estimates for shares of Bit Digital in a report issued on Wednesday, October 16th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for Bit Digital's current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Bit Digital's Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.03 EPS.
Bit Digital (NASDAQ:BTBT - Get Free Report) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. Bit Digital had a negative return on equity of 1.48% and a net margin of 33.30%. The firm had revenue of $28.95 million for the quarter, compared to the consensus estimate of $26.63 million.
Separately, HC Wainwright lifted their target price on shares of Bit Digital from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Wednesday.
Read Our Latest Stock Analysis on Bit Digital
Bit Digital Price Performance
BTBT stock traded up $0.17 during midday trading on Friday, reaching $4.05. 10,966,374 shares of the company were exchanged, compared to its average volume of 9,027,713. Bit Digital has a one year low of $1.76 and a one year high of $5.27. The firm has a market capitalization of $334.06 million, a price-to-earnings ratio of 13.50 and a beta of 4.79. The business has a 50-day moving average price of $3.22 and a two-hundred day moving average price of $2.94.
Institutional Investors Weigh In On Bit Digital
A number of hedge funds and other institutional investors have recently modified their holdings of BTBT. Bleakley Financial Group LLC acquired a new stake in shares of Bit Digital during the 1st quarter worth approximately $33,000. Creative Planning bought a new position in shares of Bit Digital in the 3rd quarter valued at $37,000. Thoroughbred Financial Services LLC acquired a new position in shares of Bit Digital during the 2nd quarter worth $38,000. Victory Capital Management Inc. lifted its position in shares of Bit Digital by 39.3% during the 2nd quarter. Victory Capital Management Inc. now owns 15,522 shares of the company's stock worth $49,000 after buying an additional 4,380 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in Bit Digital in the second quarter valued at about $51,000. Institutional investors and hedge funds own 47.70% of the company's stock.
About Bit Digital
(
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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.
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