BitFuFu (NASDAQ:FUFU) Now Covered by Analysts at Roth Capital

Key Points

• Analysts at Roth Capital have assigned a "buy" rating to BitFuFu (NASDAQ:FUFU) with a price target of $6.00, indicating a potential upside of 50% from its current price.
• BitFuFu reported a quarterly loss of ($0.10) earnings per share, falling short of analysts' expectations, while revenue reached $99.82 million, below the consensus estimate of $114.03 million.
• Around 37.26% of BitFuFu's stock is held by institutional investors, which includes several new stakes acquired by companies such as Harvest Portfolios Group Inc. and Jane Street Group LLC.

Investment analysts at Roth Capital began coverage on shares of BitFuFu (NASDAQ:FUFU - Get Free Report) in a research report issued on Wednesday, Marketbeat reports. The firm set a "buy" rating and a $6.00 price target on the stock. Roth Capital's price objective indicates a potential upside of 72.91% from the stock's previous close. Roth Capital also issued estimates for BitFuFu's Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.07) EPS, Q1 2026 earnings at $0.03 EPS, Q2 2026 earnings at $0.01 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.26 EPS, FY2027 earnings at $0.50 EPS and FY2028 earnings at $0.01 EPS.

Other analysts also recently issued reports about the company. Wall Street Zen upgraded BitFuFu from a "sell" rating to a "hold" rating in a report on Friday, July 18th. B. Riley began coverage on BitFuFu in a report on Friday, July 18th. They issued a "buy" rating and a $7.31 price objective for the company. Northland Securities initiated coverage on BitFuFu in a report on Wednesday, June 18th. They issued a "market perform" rating and a $5.50 price objective for the company. HC Wainwright reiterated a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a report on Friday, June 6th. Finally, Northland Capmk upgraded shares of BitFuFu to a "hold" rating in a report on Wednesday, June 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, BitFuFu has an average rating of "Moderate Buy" and a consensus price target of $6.45.

BitFuFu Stock Down 8.0%

Shares of FUFU stock traded down $0.30 on Wednesday, hitting $3.47. The stock had a trading volume of 910,405 shares, compared to its average volume of 342,222. The company has a quick ratio of 3.02, a current ratio of 3.03 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $3.56 and a 200 day moving average price of $4.04. The company has a market cap of $569.60 million, a PE ratio of 11.97 and a beta of 0.31. BitFuFu has a one year low of $2.91 and a one year high of $6.24.

BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Friday, August 15th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $115.40 million during the quarter, compared to the consensus estimate of $101.60 million. BitFuFu had a return on equity of 11.39% and a net margin of 12.44%. During the same period in the previous year, the company posted ($0.01) earnings per share. Research analysts anticipate that BitFuFu will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BitFuFu

A number of large investors have recently modified their holdings of FUFU. Engineers Gate Manager LP purchased a new stake in shares of BitFuFu during the second quarter worth about $36,000. Wedbush Securities Inc. purchased a new stake in shares of BitFuFu during the first quarter worth about $50,000. Jane Street Group LLC grew its stake in shares of BitFuFu by 25.4% during the second quarter. Jane Street Group LLC now owns 15,743 shares of the company's stock worth $51,000 after acquiring an additional 3,192 shares during the last quarter. Harvest Portfolios Group Inc. purchased a new stake in shares of BitFuFu during the second quarter worth about $142,000. Finally, Invesco Ltd. purchased a new stake in shares of BitFuFu during the second quarter worth about $321,000. Hedge funds and other institutional investors own 37.26% of the company's stock.

About BitFuFu

BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.