Brokers Issue Forecasts for Hut 8's Q3 Earnings (NASDAQ:HUT)

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Equities researchers at B. Riley increased their Q3 2025 EPS estimates for Hut 8 in a research report issued to clients and investors on Wednesday, October 22nd. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of ($0.19) for the quarter, up from their prior estimate of ($0.21). B. Riley currently has a "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 Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.56) EPS, FY2026 earnings at ($0.91) EPS and FY2027 earnings at $0.47 EPS.

Hut 8 (NASDAQ:HUT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. Hut 8 had a net margin of 112.81% and a return on equity of 8.73%. The company had revenue of $41.72 million during the quarter, compared to analyst estimates of $49.10 million.

Other equities analysts have also issued reports about the stock. Maxim Group raised their price objective on shares of Hut 8 from $23.00 to $30.00 and gave the company a "buy" rating in a research report on Monday, August 11th. JMP Securities raised their price objective on shares of Hut 8 from $25.00 to $65.00 and gave the company a "market outperform" rating in a research report on Tuesday. Canaccord Genuity Group lifted their target price on shares of Hut 8 from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Roth Capital reiterated a "buy" rating and set a $60.00 target price (up from $31.00) on shares of Hut 8 in a research report on Monday, September 15th. Finally, Northland Securities set a $26.00 target price on shares of Hut 8 in a research report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Hut 8 currently has an average rating of "Buy" and a consensus price target of $38.41.

Hut 8 Stock Up 4.6%

HUT stock opened at $40.64 on Friday. The firm has a 50 day moving average of $34.76 and a 200-day moving average of $23.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.81 and a current ratio of 1.81. Hut 8 has a 12 month low of $10.04 and a 12 month high of $57.29.

Institutional Investors Weigh In On Hut 8

Hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new stake in shares of Hut 8 in the 1st quarter worth approximately $143,000. Baird Financial Group Inc. bought a new stake in shares of Hut 8 in the 1st quarter worth approximately $360,000. Nuveen LLC bought a new stake in shares of Hut 8 in the 1st quarter worth approximately $2,508,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Hut 8 by 256.6% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 51,621 shares of the company's stock worth $601,000 after acquiring an additional 37,147 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Hut 8 by 181.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,287,163 shares of the company's stock worth $14,957,000 after acquiring an additional 829,484 shares during the last quarter. 31.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sean Joseph Glennan sold 6,060 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $22.09, for a total value of $133,865.40. Following the completion of the sale, the chief financial officer directly owned 6,295 shares in the company, valued at approximately $139,056.55. The trade was a 49.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Flinn sold 8,500 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $26.55, for a total transaction of $225,675.00. Following the completion of the sale, the director owned 9,791 shares of the company's stock, valued at approximately $259,951.05. The trade was a 46.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,060 shares of company stock valued at $399,485. Company insiders own 11.20% of the company's stock.

Hut 8 Company Profile

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.

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