Northland Capmk Increases Earnings Estimates for BitFuFu

Key Points

• Northland Capmk has revised its FY2025 earnings estimate for BitFuFu Inc. from ($0.10) to ($0.01) per share, maintaining a "Hold" rating on the stock.
• BitFuFu reported $0.09 earnings per share for the latest quarter, exceeding analysts' expectations of $0.06, with revenues of $115.40 million against estimates of $101.60 million.
• The stock has attracted interest from institutional investors, with ownership now at 37.26%, indicating strong institutional confidence in the company.

BitFuFu Inc. (NASDAQ:FUFU - Free Report) - Research analysts at Northland Capmk raised their FY2025 earnings per share estimates for BitFuFu in a research report issued to clients and investors on Monday, August 18th. Northland Capmk analyst M. Grondahl now expects that the company will earn ($0.01) per share for the year, up from their prior forecast of ($0.10). Northland Capmk currently has a "Hold" rating on the stock. The consensus estimate for BitFuFu's current full-year earnings is $0.17 per share.

BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its earnings results on Friday, August 15th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. BitFuFu had a return on equity of 10.33% and a net margin of 12.44%.The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $101.60 million. During the same period in the prior year, the firm earned ($0.01) earnings per share.

FUFU has been the topic of a number of other reports. B. Riley assumed coverage on BitFuFu in a research report on Friday, July 18th. They set a "buy" rating and a $7.31 target price on the stock. Wall Street Zen raised BitFuFu from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Zacks Research raised BitFuFu from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Northland Securities started coverage on BitFuFu in a research report on Wednesday, June 18th. They set a "market perform" rating and a $5.50 target price on the stock. Finally, Roth Capital started coverage on BitFuFu in a report on Wednesday, August 13th. They set a "buy" rating and a $6.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $6.45.

BitFuFu Price Performance

Shares of NASDAQ:FUFU opened at $3.41 on Thursday. The company has a quick ratio of 3.02, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. BitFuFu has a twelve month low of $2.91 and a twelve month high of $6.24. The stock's 50 day moving average is $3.56 and its 200-day moving average is $4.02. The firm has a market capitalization of $559.75 million, a price-to-earnings ratio of 11.76 and a beta of 0.31.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FUFU. Wedbush Securities Inc. bought a new position in BitFuFu in the 1st quarter valued at $50,000. Vident Advisory LLC bought a new position in BitFuFu in the 1st quarter valued at $905,000. Jane Street Group LLC bought a new position in BitFuFu in the 1st quarter valued at $57,000. Harvest Portfolios Group Inc. bought a new position in BitFuFu in the 2nd quarter valued at $142,000. Finally, Invesco Ltd. bought a new position in shares of BitFuFu during the 2nd quarter worth $321,000. Institutional investors own 37.26% of the company's stock.

About BitFuFu

BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.

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