Hut 8 (NASDAQ:HUT) Given New $127.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut Hut 8’s price target to $127 from $151 but maintained an “overweight” rating; the new target implies 159.5% upside from the stock’s then-current price.
• Analyst sentiment is broadly positive but not unanimous: MarketBeat reports a consensus “Buy” rating and a $144 average price target, alongside ratings ranging from strong buy to sell.
• Hut 8’s latest reported quarter missed expectations, with a loss of $1.27 per share versus the $0.55 loss analysts forecast and revenue of $74.93 million versus $79.37 million expected.

Hut 8 (NASDAQ:HUT - Get Free Report) had its price target decreased by investment analysts at Cantor Fitzgerald from $151.00 to $127.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's target price suggests a potential upside of 159.50% from the company's current price.

Other equities analysts also recently issued research reports about the company. Freedom Capital raised Hut 8 to a "strong-buy" rating in a research report on Tuesday, August 18th. Wall Street Zen cut shares of Hut 8 from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Freedom Broker upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Tuesday, August 18th. Roth Capital started coverage on shares of Hut 8 in a research note on Wednesday, October 7th. They set a "buy" rating and a $108.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price target on Hut 8 from $157.00 to $154.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hut 8 has a consensus rating of "Buy" and a consensus price target of $144.00.

Hut 8 Stock Down 23.2%

Hut 8 stock opened at $48.94 on Thursday. The company has a debt-to-equity ratio of 4.22, a current ratio of 19.35 and a quick ratio of 19.35. Hut 8 has a 1-year low of $31.67 and a 1-year high of $140.80. The company's 50-day moving average is $82.41 and its 200 day moving average is $82.28.

Hut 8 (NASDAQ:HUT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. The business had revenue of $74.93 million for the quarter, compared to analysts' expectations of $79.37 million. During the same quarter last year, the firm earned $1.18 EPS. Equities research analysts anticipate that Hut 8 will post -2.93 earnings per share for the current fiscal year.

Insider Activity at Hut 8

In other news, Director Mayo Shattuck, III sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the transaction, the director directly owned 89,408 shares in the company, valued at approximately $8,940,800. This trade represents a 18.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean Glennan sold 6,445 shares of Hut 8 stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $78.76, for a total transaction of $507,608.20. Following the transaction, the chief financial officer directly owned 17,978 shares in the company, valued at approximately $1,415,947.28. The trade was a 26.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 10.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Hut 8 during the second quarter valued at about $1,093,294,000. Avala Global LP purchased a new position in shares of Hut 8 in the 2nd quarter valued at approximately $144,602,000. Wellington Management Group LLP acquired a new stake in Hut 8 in the 2nd quarter worth approximately $97,949,000. Montanova Capital LLC purchased a new stake in Hut 8 during the 2nd quarter worth approximately $77,348,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Hut 8 during the 2nd quarter worth approximately $56,364,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

More Hut 8 News

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

• Positive Sentiment: Hut 8 signed a second 352-megawatt lease at its Beacon Point campus. The company says the lease brings expected aggregate base-term contract value across its AI data-center portfolio to about $26.6 billion. Management expects 700 megawatts of Beacon Point capacity to be energized in Q1 2027; delivery and execution remain important milestones. Hut 8 Reports Third Quarter 2026 Results
• Positive Sentiment: The company expanded its share-repurchase authorization to $1 billion after repurchasing $250 million of stock, and closed a $1.07 billion revolving credit facility. These moves add capital flexibility and signal a commitment to shareholder returns, though authorization does not mean the full amount will be used. Hut 8 expands buyback authorization
• Positive Sentiment: Hut 8 increased energy capacity under exclusivity by 1,300 megawatts to 3,180 megawatts and reported a 7,859-megawatt development pipeline. The expansion supports its AI infrastructure ambitions, but much of the pipeline is still in development rather than operating. Hut 8 Reports Third Quarter 2026 Results
• Negative Sentiment: Q3 results fell short of estimates: Hut 8 reported a loss of $1.23 per share versus the Zacks consensus estimate of a $1.06 loss, while revenue also missed expectations. The larger loss than analysts expected may weigh on sentiment. Hut 8 Q3 earnings report
• Negative Sentiment: Hut 8 sold 3,102 bitcoin to fund $250 million in share repurchases. While the buyback returns capital, the sale reduces its Bitcoin holdings and may concern investors who prefer exposure to potential Bitcoin appreciation. Hut 8 Bitcoin sale and buyback

About Hut 8

Hut 8 Corp. is a North American energy infrastructure and computing company whose business includes digital asset mining, high-performance computing and data center operations. The company develops and manages power and infrastructure assets intended to support energy-intensive computing applications.

Hut 8's activities have historically centered on Bitcoin mining, supported by company-operated data centers and specialized mining equipment. It also provides infrastructure for emerging computing applications, including artificial intelligence and other high-performance computing workloads, as it seeks to expand beyond cryptocurrency mining.

The company was established in Canada and expanded its operations in the United States through its combination with U.S.

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