Hut 8 Corp. (NASDAQ:HUT - Free Report) - Equities researchers at HC Wainwright issued their Q1 2025 EPS estimates for Hut 8 in a report released on Friday, November 8th. HC Wainwright analyst M. Colonnese anticipates that the company will post earnings of ($0.21) per share for the quarter. HC Wainwright currently has a "Buy" rating and a $13.50 target price 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.
Several other research firms have also commented on HUT. Craig Hallum increased their price target on shares of Hut 8 from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on shares of Hut 8 from $15.00 to $18.00 and gave the company a "speculative buy" rating in a report on Wednesday, October 30th. Benchmark restated a "buy" rating and set a $17.00 price objective on shares of Hut 8 in a report on Monday, October 7th. Canaccord Genuity Group restated a "buy" rating and set a $22.00 price objective on shares of Hut 8 in a report on Wednesday, August 21st. Finally, Needham & Company LLC upped their price objective 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $17.00.
View Our Latest Stock Analysis on Hut 8
Hut 8 Trading Up 25.6 %
Shares of HUT stock traded up $5.00 during mid-day trading on Monday, hitting $24.59. 13,605,797 shares of the stock traded hands, compared to its average volume of 5,006,954. The stock's fifty day moving average is $12.98 and its two-hundred day moving average is $12.44. Hut 8 has a 52-week low of $6.18 and a 52-week high of $25.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.68 and a current ratio of 1.68.
Hut 8 (NASDAQ:HUT - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.11. The business had revenue of $35.22 million during the quarter, compared to analysts' expectations of $38.00 million.
Insiders Place Their Bets
In other Hut 8 news, Director Joseph Flinn sold 7,618 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $11.74, for a total value of $89,435.32. Following the sale, the director now owns 11,861 shares in the company, valued at approximately $139,248.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.00% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in HUT. Vanguard Group Inc. lifted its holdings in Hut 8 by 8,329.2% in the 1st quarter. Vanguard Group Inc. now owns 2,787,102 shares of the company's stock valued at $30,770,000 after purchasing an additional 2,754,037 shares in the last quarter. Tidal Investments LLC purchased a new position in Hut 8 in the 1st quarter valued at $18,191,000. D1 Capital Partners L.P. purchased a new position in Hut 8 in the 2nd quarter valued at $17,388,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Hut 8 in the 3rd quarter valued at $9,997,000. Finally, Bank of New York Mellon Corp purchased a new position in Hut 8 in the 2nd quarter valued at $4,390,000. Hedge funds and other institutional investors own 31.75% of the company's stock.
About Hut 8
(
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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.
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