Northland Capmk Comments on Hut 8's Q4 Earnings (NASDAQ:HUT)

Key Points

• Northland Capmk has raised its Q4 2026 earnings per share estimate for Hut 8 to $0.09, up from $0.08, while maintaining a "Strong-Buy" rating on the stock.
• Hut 8 reported a Q4 earnings per share of ($0.14), exceeding the consensus estimate of ($0.15), but its revenue of $41.72 million fell short of the expected $49.10 million.
• According to MarketBeat, Hut 8 shares are currently rated as a "Buy" with a consensus price target of $26.12, with 15 analysts recommending a buy rating.

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Investment analysts at Northland Capmk increased their Q4 2026 earnings per share estimates for Hut 8 in a report released on Thursday, August 7th. Northland Capmk analyst M. Grondahl now expects that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.08. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.53) per share.

Several other equities research analysts have also commented on HUT. Citigroup initiated coverage on Hut 8 in a research report on Thursday, May 22nd. They set an "outperform" rating on the stock. JMP Securities initiated coverage on Hut 8 in a research report on Thursday, May 22nd. They set a "market outperform" rating and a $25.00 target price on the stock. HC Wainwright restated a "buy" rating and set a $25.00 target price on shares of Hut 8 in a research report on Friday, May 9th. BTIG Research began coverage on Hut 8 in a report on Monday, April 14th. They issued a "buy" rating and a $18.00 price target on the stock. Finally, B. Riley began coverage on Hut 8 in a report on Wednesday, May 14th. They issued a "buy" rating and a $25.00 price target on the stock. Fifteen equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $26.12.

Hut 8 Stock Performance

Shares of Hut 8 stock opened at $19.45 on Monday. Hut 8 has a one year low of $8.73 and a one year high of $31.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.81 and a current ratio of 1.81. The stock's 50-day moving average is $19.50 and its 200 day moving average is $16.66.

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

Insider Activity at Hut 8

In other news, Director Joseph Flinn sold 11,069 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $15.77, for a total value of $174,558.13. Following the completion of the sale, the director directly owned 19,791 shares of the company's stock, valued at $312,104.07. This represents a 35.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.20% of the stock is currently owned by company insiders.

Institutional Trading of Hut 8

Several institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC raised its stake in shares of Hut 8 by 1.1% in the second quarter. Intech Investment Management LLC now owns 66,957 shares of the company's stock worth $1,245,000 after purchasing an additional 734 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Hut 8 by 2.9% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 53,135 shares of the company's stock worth $988,000 after purchasing an additional 1,514 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Hut 8 by 19.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 21,335 shares of the company's stock valued at $397,000 after acquiring an additional 3,505 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hut 8 by 13.7% during the second quarter. Geode Capital Management LLC now owns 2,563,091 shares of the company's stock valued at $47,679,000 after acquiring an additional 309,113 shares during the last quarter. Finally, Tobam increased its position in shares of Hut 8 by 48.9% during the second quarter. Tobam now owns 34,945 shares of the company's stock valued at $650,000 after acquiring an additional 11,482 shares during the last quarter. 31.75% of the stock is owned by hedge funds and other institutional investors.

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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