Hut 8 Corp. (NASDAQ:HUT) Receives $133.10 Consensus PT from Analysts

Shares of Hut 8 Corp. (NASDAQ:HUT) have received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eighteen have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $137.20.

HUT has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Hut 8 from $93.00 to $127.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $124.00 target price on shares of Hut 8 in a report on Tuesday, July 21st. BTIG Research lifted their target price on Hut 8 from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Keefe, Bruyette & Woods boosted their target price on Hut 8 from $138.00 to $157.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC upped their price target on Hut 8 from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 20th.

Hut 8 Trading Down 3.3%

Shares of HUT stock opened at $101.14 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $11.39 billion, a P/E ratio of -33.71 and a beta of 4.62. The company has a 50 day moving average price of $111.92 and a 200 day moving average price of $80.09. Hut 8 has a fifty-two week low of $18.68 and a fifty-two week high of $140.80.

Hut 8 (NASDAQ:HUT) last released its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.The business had revenue of $139.31 million for the quarter, compared to analyst estimates of $78.53 million. Equities research analysts predict that Hut 8 will post -2.52 EPS for the current fiscal year.

More Hut 8 News

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $157 from $138 and upgraded Hut 8 to “outperform.” The new target implies substantial upside and reflects increased confidence in the company’s growth prospects. Benzinga analyst upgrade
• Positive Sentiment: Nvidia was reportedly identified as the mystery tenant behind Hut 8’s proposed $50 billion Texas data center. If confirmed, the connection could materially strengthen Hut 8’s artificial-intelligence infrastructure strategy, improve the credibility of the project and support long-term revenue expectations. Nvidia reportedly linked to Hut 8 Texas data center
• Neutral Sentiment: Hut 8 was included among leveraged cryptocurrency and AI-infrastructure stocks that performed strongly recently, highlighting continued investor interest in the themes driving the shares. However, the article does not provide a company-specific catalyst. Best-performing leveraged ETFs
• Negative Sentiment: Zacks expects Hut 8’s second-quarter earnings to decline and sees limited evidence of a likely earnings beat. That outlook may weigh on the stock ahead of the company’s report, particularly after Hut 8’s latest quarter produced a larger-than-expected loss despite revenue exceeding estimates. Hut 8 Q2 earnings preview
• Negative Sentiment: Maxim Group’s estimates point to persistent and widening losses. The firm forecasts a $3.69-per-share loss for fiscal 2026, $14.81 for fiscal 2027 and $28.97 for fiscal 2028, versus the current full-year consensus loss of $2.12. These projections reinforce concerns about profitability, execution and the significant valuation risk attached to HUT.

Insider Buying and Selling

In related news, Director Rick Rickertsen sold 17,491 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the sale, the director directly owned 17,491 shares in the company, valued at approximately $1,924,010. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Semah sold 10,518 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.83, for a total transaction of $808,097.94. Following the completion of the sale, the insider directly owned 41,378 shares in the company, valued at approximately $3,179,071.74. This trade represents a 20.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 112,724 shares of company stock worth $12,184,340. 10.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Hut 8 by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 7,978,357 shares of the company’s stock valued at $366,526,000 after purchasing an additional 250,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hut 8 by 4,669,387.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after purchasing an additional 4,062,367 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Hut 8 by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock valued at $104,133,000 after buying an additional 504,652 shares during the last quarter. SRS Investment Management LLC purchased a new position in Hut 8 in the fourth quarter valued at $131,838,000. Finally, Sachem Head Capital Management LP acquired a new stake in Hut 8 in the fourth quarter valued at $129,780,000. Institutional investors and hedge funds own 31.75% of the company’s stock.

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.