B. Riley Has Pessimistic Outlook of Hut 8 Q3 Earnings

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Investment analysts at B. Riley dropped their Q3 2025 earnings per share estimates for Hut 8 in a report issued on Wednesday, July 9th. B. Riley analyst N. Giles now anticipates that the company will post earnings of ($0.20) per share for the quarter, down from their prior estimate of ($0.18). B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.53) per share. B. Riley also issued estimates for Hut 8's FY2025 earnings at ($0.81) EPS and FY2027 earnings at ($0.46) EPS.

A number of other equities analysts have also recently commented on HUT. Citigroup assumed coverage on Hut 8 in a report on Thursday, May 22nd. They set an "outperform" rating for the company. Citizens Jmp upgraded Hut 8 to a "strong-buy" rating and set a $25.00 price objective for the company in a report on Thursday, May 22nd. Roth Capital began coverage on Hut 8 in a report on Friday, June 6th. They set a "buy" rating and a $25.00 price objective for the company. Northland Securities assumed coverage on Hut 8 in a report on Monday, April 21st. They set an "outperform" rating and a $20.00 price objective for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $21.00 price target on shares of Hut 8 in a research report on Friday, May 9th. Fifteen investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, Hut 8 presently has an average rating of "Buy" and a consensus price target of $25.76.

Hut 8 Price Performance

Hut 8 stock traded up $0.29 during midday trading on Friday, reaching $22.12. 6,239,022 shares of the company's stock were exchanged, compared to its average volume of 5,845,971. Hut 8 has a 52 week low of $8.73 and a 52 week high of $31.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.27. The stock's 50-day simple moving average is $17.36 and its 200 day simple moving average is $17.12.

Hut 8 (NASDAQ:HUT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Hut 8 had a positive return on equity of 13.00% and a negative net margin of 39.92%. The business had revenue of $20.88 million for the quarter, compared to the consensus estimate of $33.68 million.

Institutional Trading of Hut 8

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Hut 8 by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,546,935 shares of the company's stock worth $76,075,000 after purchasing an additional 87,550 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Hut 8 during the fourth quarter valued at $37,400,000. BIT Capital GmbH boosted its position in Hut 8 by 11.5% during the fourth quarter. BIT Capital GmbH now owns 1,818,456 shares of the company's stock valued at $37,260,000 after acquiring an additional 187,773 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Hut 8 during the fourth quarter valued at $27,115,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Hut 8 by 181.2% during the first 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. Institutional investors own 31.75% of the company's stock.

Insider Activity at Hut 8

In other news, insider Victor Semah sold 11,363 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $12.95, for a total transaction of $147,150.85. Following the completion of the transaction, the insider directly owned 15,738 shares in the company, valued at approximately $203,807.10. This represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Flinn sold 11,069 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.77, for a total transaction of $174,558.13. Following the transaction, the director owned 19,791 shares of the company's stock, valued at $312,104.07. This trade represents a 35.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.20% of the stock is owned by insiders.

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.