Hut 8’s (HUT) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Hut 8 (NASDAQ:HUT) in a research note released on Wednesday,Benzinga reports. They currently have a $124.00 target price on the stock.

HUT has been the subject of several other research reports. Weiss Ratings lowered shares of Hut 8 from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Cantor Fitzgerald increased their price objective on shares of Hut 8 from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Compass Point set a $195.00 price objective on shares of Hut 8 in a report on Wednesday, July 22nd. Loop Capital set a $226.00 target price on shares of Hut 8 in a research report on Monday, June 22nd. Finally, Needham & Company LLC upped their price target on shares of Hut 8 from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $139.15.

Hut 8 Stock Performance

Shares of HUT stock opened at $88.59 on Wednesday. The company has a current ratio of 19.35, a quick ratio of 0.86 and a debt-to-equity ratio of 4.22. Hut 8 has a 12-month low of $18.68 and a 12-month high of $140.80. The business’s 50 day moving average is $109.85 and its two-hundred day moving average is $82.14. The company has a market capitalization of $10.92 billion, a P/E ratio of -16.26 and a beta of 4.64.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The business had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $79.37 million. Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. During the same quarter last year, the firm earned $1.18 earnings per share. Analysts expect that Hut 8 will post -3.05 EPS for the current fiscal year.

Insider Transactions at Hut 8

In other news, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $110.00, for a total value of $1,924,010.00. Following the completion of the sale, the director directly owned 17,491 shares in the company, valued at $1,924,010. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor Semah sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the insider directly owned 31,378 shares in the company, valued at approximately $3,922,250. This represents a 24.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 102,206 shares of company stock worth $11,376,242. Company insiders own 10.40% of the company’s stock.

Institutional Trading of Hut 8

A number of hedge funds have recently bought and sold shares of HUT. Millennium Management LLC lifted its stake in Hut 8 by 11.9% in the 1st quarter. Millennium Management LLC now owns 330,416 shares of the company’s stock worth $3,839,000 after purchasing an additional 35,120 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Hut 8 in the second quarter valued at approximately $216,000. Russell Investments Group Ltd. increased its holdings in shares of Hut 8 by 235.8% in the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after purchasing an additional 1,719 shares during the last quarter. New York State Common Retirement Fund lifted its position in Hut 8 by 19.9% during the second quarter. New York State Common Retirement Fund now owns 32,540 shares of the company’s stock worth $605,000 after buying an additional 5,400 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Hut 8 by 13.2% during the second quarter. Invesco Ltd. now owns 1,067,985 shares of the company’s stock worth $19,865,000 after buying an additional 124,439 shares in the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

More Hut 8 News

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

• Positive Sentiment: Analyst support remains strong. Maxim Group upgraded Hut 8 to “Strong-Buy,” while Rosenblatt Securities issued a “Buy” rating. Maxim’s bullish stance provides some support despite near-term losses. Hut 8 Earns Buy Rating from Rosenblatt Securities
• Positive Sentiment: AI infrastructure pivot is attracting investor interest. Recent coverage highlights Hut 8’s move toward AI data-center infrastructure, a strategy that could diversify the company beyond cryptocurrency mining and create higher-growth revenue opportunities. Why Hut 8 Is Up After Pivoting Toward AI Data Center Infrastructure
• Neutral Sentiment: Price targets still imply substantial upside. Keefe, Bruyette & Woods lowered its target to $154 from $157 but maintained an “Outperform” rating. Needham also reduced its target to $138, signaling less optimism than before but continued potential upside. Needham Lowers Hut 8 Price Target
• Negative Sentiment: Quarterly results missed expectations. Hut 8 reported a loss of $1.27 per share versus the expected $0.55 loss, while revenue of $72.66 million fell short of the $79.37 million consensus estimate. The earnings miss has pressured the stock. Hut 8 Trading Down After Earnings Miss
• Negative Sentiment: Profit forecasts were cut significantly. Northland Securities reduced its 2026 EPS estimate to a $3.37 loss from a $0.68 loss, including deeper projected losses in the third and fourth quarters. Maxim also forecasts substantial losses through 2028, including a $15.13 loss per share in 2027 and a $28.33 loss in 2028.

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.