FY2025 Earnings Forecast for Hut 8 Issued By Northland Capmk

Hut 8 Corp. (NASDAQ:HUT) – Investment analysts at Northland Capmk lowered their FY2025 EPS estimates for Hut 8 in a research note issued on Tuesday, November 4th. Northland Capmk analyst M. Grondahl now forecasts that the company will earn ($0.30) per share for the year, down from their previous forecast of ($0.22). The consensus estimate for Hut 8’s current full-year earnings is ($0.53) per share. Northland Capmk also issued estimates for Hut 8’s Q4 2025 earnings at ($0.06) EPS, Q4 2026 earnings at $0.05 EPS and FY2026 earnings at $0.08 EPS.

Other research analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating on shares of Hut 8 in a report on Wednesday, October 22nd. Maxim Group lifted their price target on shares of Hut 8 from $23.00 to $30.00 and gave the company a “buy” rating in a report on Monday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $60.00 price objective (up from $31.00) on shares of Hut 8 in a research note on Monday, September 15th. Piper Sandler set a $74.00 target price on shares of Hut 8 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Benchmark boosted their target price on Hut 8 from $36.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $47.75.

Hut 8 Price Performance

Shares of HUT stock opened at $43.37 on Friday. The stock’s fifty day simple moving average is $39.83 and its 200 day simple moving average is $25.91. Hut 8 has a one year low of $10.04 and a one year high of $57.29. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -78.85 and a beta of 4.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.72 and a quick ratio of 1.81.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.09. Hut 8 had a return on equity of 8.06% and a net margin of 115.39%.The company had revenue of $84.36 million for the quarter, compared to analyst estimates of $64.70 million.

Institutional Investors Weigh In On Hut 8

A number of institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new stake in Hut 8 in the first quarter valued at about $143,000. Edgestream Partners L.P. bought a new position in Hut 8 during the first quarter worth about $3,042,000. SBI Securities Co. Ltd. grew its position in shares of Hut 8 by 51.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,468 shares of the company’s stock worth $110,000 after buying an additional 3,228 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Hut 8 by 181.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,287,163 shares of the company’s stock valued at $14,957,000 after acquiring an additional 829,484 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Hut 8 by 7.9% in the 1st quarter. Victory Capital Management Inc. now owns 11,127 shares of the company’s stock valued at $129,000 after acquiring an additional 819 shares during the period. 31.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hut 8

In other news, Director Joseph Flinn sold 8,500 shares of Hut 8 stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $26.55, for a total transaction of $225,675.00. Following the completion of the sale, the director owned 9,791 shares in the company, valued at $259,951.05. The trade was a 46.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sean Joseph Glennan sold 6,060 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $22.09, for a total transaction of $133,865.40. Following the completion of the transaction, the chief financial officer owned 6,295 shares in the company, valued at $139,056.55. This represents a 49.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 16,060 shares of company stock valued at $399,485. Corporate insiders own 11.20% of the company’s stock.

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.