Wall Street Zen Downgrades Hut 8 (NASDAQ:HUT) to Sell

Hut 8 (NASDAQ:HUT) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the company. Craig Hallum restated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Thursday, December 18th. B. Riley Financial raised their price target on shares of Hut 8 from $61.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Northland Securities set a $58.00 price objective on shares of Hut 8 in a research note on Wednesday, November 5th. Cantor Fitzgerald lifted their target price on shares of Hut 8 from $24.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Piper Sandler restated an “overweight” rating on shares of Hut 8 in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hut 8 has an average rating of “Buy” and a consensus target price of $65.56.

Hut 8 Trading Down 2.9%

NASDAQ HUT opened at $53.23 on Friday. The firm’s 50 day moving average price is $55.19 and its two-hundred day moving average price is $44.22. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -22.94 and a beta of 4.42. Hut 8 has a twelve month low of $10.04 and a twelve month high of $66.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.09 and a current ratio of 1.09.

Hedge Funds Weigh In On Hut 8

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its stake in shares of Hut 8 by 116.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock worth $28,000 after buying an additional 815 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Hut 8 by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock valued at $30,000 after buying an additional 655 shares during the last quarter. GAMMA Investing LLC bought a new position in Hut 8 in the 4th quarter worth $30,000. Imprint Wealth LLC bought a new position in Hut 8 in the 4th quarter worth $38,000. Finally, Russell Investments Group Ltd. lifted its position in Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after acquiring an additional 1,719 shares during the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 News Roundup

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Hut 8 reported a Q4 beat with revenue up ~179% year‑over‑year, driven by Compute growth and a strategic pivot toward AI and power‑first infrastructure — this supports higher revenue trajectory and analyst enthusiasm. Zacks: Q4 earnings
• Positive Sentiment: Several brokerages either raised price targets or reaffirmed “buy” ratings — Canaccord to $70, Needham to $66, HC Wainwright reaffirmed at $80, Rosenblatt at $65 — giving upside targets well above current levels and likely supporting buying interest. Benzinga: analyst moves
• Positive Sentiment: Vertiv announced a collaboration with Hut 8 to scale AI data‑center deployments (Vertiv OneCore / digital twin approach), validating Hut 8’s push into AI infrastructure and potential revenue streams beyond pure crypto mining. PR Newswire: Vertiv collaboration
• Neutral Sentiment: Company Q4 2025 earnings call summary is available for detail on operational drivers and management commentary (useful for judging sustainability of Compute/AI momentum). Yahoo Finance: earnings call summary
• Neutral Sentiment: Coverage pieces comparing Hut 8 to peers and discussing valuation/policy tradeoffs have appeared — useful for longer‑term positioning but less likely to move the stock immediately. AAII: investment comparison
• Negative Sentiment: Northland Securities sharply cut EPS estimates across 2026 (Q1–Q4) and slashed FY2026 to ($0.81) from prior positive forecasts — a material downgrade that increases near‑term earnings risk and may have driven some selling/volatility. MarketBeat: analyst estimate changes

About Hut 8

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.