Hut 8 (HUT) Projected to Post Earnings on Thursday

Hut 8 (NASDAQ:HUT - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $49.10 million for the quarter.

Hut 8 (NASDAQ:HUT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share 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 during the quarter, compared to analyst estimates of $33.68 million. On average, analysts expect Hut 8 to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hut 8 Price Performance

HUT traded down $1.45 during trading on Friday, hitting $19.78. The company's stock had a trading volume of 4,761,791 shares, compared to its average volume of 4,673,453. Hut 8 has a twelve month low of $8.73 and a twelve month high of $31.95. The business's fifty day simple moving average is $19.06 and its 200 day simple moving average is $16.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.27.

Insiders Place Their Bets

In other Hut 8 news, insider Victor Semah sold 11,363 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $12.95, for a total value of $147,150.85. Following the completion of the transaction, the insider owned 15,738 shares in the company, valued at $203,807.10. The trade was a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph Flinn sold 11,069 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $15.77, for a total value of $174,558.13. Following the sale, the director owned 19,791 shares in the company, valued at approximately $312,104.07. This trade represents a 35.87% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.20% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hut 8 stock. Millennium Management LLC increased its holdings in Hut 8 Corp. (NASDAQ:HUT - Free Report) by 11.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,416 shares of the company's stock after acquiring an additional 35,120 shares during the quarter. Millennium Management LLC owned approximately 0.32% of Hut 8 worth $3,839,000 at the end of the most recent quarter. Institutional investors and hedge funds own 31.75% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Northland Capmk upgraded Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $21.00 target price on shares of Hut 8 in a research note on Friday, May 9th. JMP Securities began coverage on shares of Hut 8 in a report on Thursday, May 22nd. They set a "market outperform" rating and a $25.00 target price for the company. Roth Capital initiated coverage on shares of Hut 8 in a research note on Friday, June 6th. They issued a "buy" rating and a $25.00 price target on the stock. Finally, Citizens Jmp upgraded shares of Hut 8 to a "strong-buy" rating and set a $25.00 price target on the stock in a research report on Thursday, May 22nd. Fifteen analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Hut 8 has a consensus rating of "Buy" and an average target price of $26.12.

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.