Hut 8 (NASDAQ:HUT) Coverage Initiated by Analysts at Arete Research

Key Points

• Arete Research initiated coverage on Hut 8 with a "Buy" rating and a $136 price target, implying roughly a 186.56% upside from the prior close.
• MarketBeat's consensus is a "Moderate Buy" with a consensus price target of $69.71, though analyst views vary (ranges and ratings include sells and multiple buy/upgrade actions around $55–$75+).
• Hut 8 trades near $47.46 with a $5.26B market cap, negative P/E and a 52‑week range of $10.04–$66.07; insiders (including the CFO) recently sold shares, leaving about 11.2% insider ownership.

Stock analysts at Arete Research began coverage on shares of Hut 8 (NASDAQ:HUT - Get Free Report) in a note issued to investors on Monday. The firm set a "buy" rating and a $136.00 price target on the stock. Arete Research's price objective suggests a potential upside of 186.56% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen lowered shares of Hut 8 from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods raised their target price on shares of Hut 8 from $55.00 to $75.00 and gave the stock a "moderate buy" rating in a research note on Tuesday, January 27th. BTIG Research restated a "buy" rating and set a $55.00 target price on shares of Hut 8 in a report on Wednesday, December 17th. Weiss Ratings lowered Hut 8 from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Finally, Needham & Company LLC increased their price target on Hut 8 from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.71.

Hut 8 Price Performance

Hut 8 stock opened at $47.46 on Monday. The company has a fifty day simple moving average of $54.39 and a 200-day simple moving average of $46.88. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -20.46 and a beta of 4.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.12. Hut 8 has a 52-week low of $10.04 and a 52-week high of $66.07.

Insider Transactions at Hut 8

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of Hut 8 stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the transaction, the chief financial officer directly owned 12,068 shares of the company's stock, valued at $591,935.40. The trade was a 27.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Semah sold 5,498 shares of the business's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $269,676.90. Following the completion of the transaction, the insider owned 24,796 shares in the company, valued at $1,216,243.80. The trade was a 18.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in Hut 8 in the fourth quarter valued at $30,000. Imprint Wealth LLC acquired a new stake in shares of Hut 8 during the 4th quarter worth about $38,000. Activest Wealth Management acquired a new stake in shares of Hut 8 during the 4th quarter worth about $49,000. Danske Bank A S purchased a new stake in Hut 8 in the 4th quarter valued at about $51,000. Finally, CWM LLC raised its holdings in Hut 8 by 37.4% in the 4th quarter. CWM LLC now owns 1,106 shares of the company's stock valued at $51,000 after buying an additional 301 shares during the period. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

About Hut 8

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.

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