HC Wainwright Has Bearish Estimate for Hut 8 Q1 Earnings

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Analysts at HC Wainwright dropped their Q1 2025 earnings per share estimates for Hut 8 in a report issued on Tuesday, March 4th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($0.20) per share for the quarter, down from their previous estimate of ($0.13). HC Wainwright has a "Buy" rating and a $30.00 price target on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.53) per share. HC Wainwright also issued estimates for Hut 8's Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.50) EPS.

HUT has been the subject of several other reports. Benchmark restated a "buy" rating and set a $41.00 target price on shares of Hut 8 in a report on Tuesday, January 7th. Rosenblatt Securities started coverage on Hut 8 in a research report on Friday. They set a "buy" rating and a $23.00 price objective for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $30.00 target price on shares of Hut 8 in a report on Friday. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of Hut 8 in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $32.00 price objective on shares of Hut 8 in a research note on Tuesday, March 4th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $29.89.

Hut 8 Stock Performance

Shares of HUT stock traded down $2.03 during mid-day trading on Thursday, reaching $11.48. The stock had a trading volume of 6,070,183 shares, compared to its average volume of 5,162,988. Hut 8 has a 12-month low of $6.77 and a 12-month high of $31.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $20.82 and a 200 day simple moving average of $18.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HUT. Nisa Investment Advisors LLC grew its holdings in Hut 8 by 77.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 545 shares during the period. R Squared Ltd purchased a new stake in shares of Hut 8 during the 4th quarter valued at $26,000. Optiver Holding B.V. acquired a new stake in shares of Hut 8 during the 4th quarter worth $35,000. Capital Performance Advisors LLP purchased a new position in shares of Hut 8 in the 3rd quarter worth $40,000. Finally, Russell Investments Group Ltd. boosted its holdings in Hut 8 by 832.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,042 shares of the company's stock valued at $42,000 after acquiring an additional 1,823 shares during the last quarter. Institutional investors and hedge funds own 31.75% 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.