Hut 8 (NASDAQ:HUT) Given New $154.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods lowered Hut 8’s price target to $154 from $157 while maintaining an “outperform” rating, implying 70.77% potential upside from the prior close.
• Analyst sentiment remains broadly positive, with Hut 8 holding a consensus “Buy” rating and an average price target of $138.35, despite some recent target reductions and one “strong sell” downgrade.
• Quarterly results fell short of expectations: Hut 8 reported a $1.27 per-share loss versus the expected $0.55 loss and revenue of $72.66 million versus the $79.37 million consensus estimate.

Hut 8 (NASDAQ:HUT - Get Free Report) had its target price reduced by stock analysts at Keefe, Bruyette & Woods from $157.00 to $154.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 70.77% from the company's previous close.

A number of other analysts also recently issued reports on HUT. Wall Street Zen downgraded shares of Hut 8 from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Canaccord Genuity Group increased their target price on shares of Hut 8 from $70.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Maxim Group upgraded Hut 8 to a "strong-buy" rating in a research note on Wednesday. Jefferies Financial Group assumed coverage on Hut 8 in a research report on Thursday, May 14th. They set a "buy" rating and a $156.00 price target on the stock. Finally, Cantor Fitzgerald boosted their price objective on Hut 8 from $68.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Hut 8 currently has a consensus rating of "Buy" and a consensus price target of $138.35.

Hut 8 Price Performance

HUT opened at $90.18 on Thursday. The firm has a market capitalization of $10.15 billion, a PE ratio of -16.61 and a beta of 4.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50-day moving average is $111.24 and its two-hundred day moving average is $81.88. Hut 8 has a 1 year low of $18.68 and a 1 year high of $140.80.

Hut 8 (NASDAQ:HUT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.98%. The company had revenue of $72.66 million for the quarter, compared to analysts' expectations of $79.37 million. During the same period last year, the firm earned $1.18 earnings per share. Research analysts anticipate that Hut 8 will post -2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Hut 8

In other news, insider Victor Semah sold 10,000 shares of the company's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the sale, the insider owned 31,378 shares of the company's stock, valued at approximately $3,922,250. This represents a 24.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy Marie Wilkinson sold 20,000 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the sale, the director owned 262,136 shares in the company, valued at approximately $26,418,066.08. This represents a 7.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,206 shares of company stock valued at $11,376,242 in the last 90 days. Corporate insiders own 10.40% of the company's stock.

Institutional Trading of Hut 8

A number of institutional investors have recently bought and sold shares of the company. Arlington Trust Co LLC raised its holdings in Hut 8 by 175.0% in the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company's stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of Hut 8 in the 4th quarter worth about $38,000. Russell Investments Group Ltd. grew its holdings in shares of Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company's stock worth $46,000 after purchasing an additional 1,719 shares during the period. Harbor Investment Advisory LLC acquired a new stake in Hut 8 during the 1st quarter worth approximately $47,000. Finally, Activest Wealth Management acquired a new position in Hut 8 during the fourth quarter valued at approximately $49,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Hut 8 News Roundup

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Maxim Group upgraded Hut 8 to “strong buy,” adding fresh analyst support for the stock. Zacks.com
• Positive Sentiment: Traders purchased an unusually high volume of HUT call options, suggesting increased bullish positioning and expectations for a rebound. Stock Traders Purchase High Volume of Call Options on Hut 8
• Positive Sentiment: Hut 8’s strategic shift toward power infrastructure and AI data centers remains a potential long-term catalyst. The company highlighted an 8.7-gigawatt development pipeline, while reported adjusted EBITDA and gross margins improved. It also secured substantial non-recourse project financing, potentially allowing expansion without significant equity dilution. Hut 8 Q2 2026: Buy The Transition Before It Shows In Earnings
• Neutral Sentiment: Rosenblatt Securities reaffirmed its “buy” rating with a $124 price target, while Needham maintained a “buy” rating but lowered its target from $145 to $138. The continued bullish ratings are supportive, though the target reduction reflects some near-term caution. Analyst Ratings via Benzinga
• Negative Sentiment: Second-quarter earnings disappointed investors: Hut 8 reported a larger-than-expected loss and revenue below analyst estimates. The weak results, ongoing GAAP losses and bitcoin-related mark-to-market volatility triggered selling pressure. Hut 8 Stock Price Down on Disappointing Earnings

Hut 8 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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