Q1 Earnings Estimate for Hut 8 Issued By B. Riley

Key Points

• B. Riley analysts have issued a Q1 2027 earnings estimate for Hut 8 Corp., predicting a loss of ($0.09) per share, while maintaining a "Strong-Buy" rating on the stock.
• The consensus estimate for Hut 8's full-year earnings is ($0.53) per share, and the stock has a consensus target price of $26.12 as rated by fifteen research analysts.
• Shares of Hut 8 opened at $19.45, with a 52-week range between $8.73 and $31.95, and insiders hold 11.20% of the company's stock.

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Stock analysts at B. Riley issued their Q1 2027 EPS estimates for shares of Hut 8 in a report issued on Friday, August 8th. B. Riley analyst N. Giles forecasts that the company will earn ($0.09) per share for the quarter. B. Riley 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. B. Riley also issued estimates for Hut 8's Q2 2027 earnings at ($0.10) EPS.

A number of other research firms also recently issued reports on HUT. Canaccord Genuity Group reiterated a "buy" rating and issued a $32.00 target price on shares of Hut 8 in a research report on Monday, May 12th. HC Wainwright reiterated a "buy" rating and issued a $25.00 target price on shares of Hut 8 in a research report on Friday, May 9th. Citizens Jmp upgraded shares of Hut 8 to a "strong-buy" rating and set a $25.00 target price for the company in a research report on Thursday, May 22nd. JMP Securities initiated coverage on shares of Hut 8 in a research report on Thursday, May 22nd. They issued a "market outperform" rating and a $25.00 target price for the company. Finally, BTIG Research initiated coverage on shares of Hut 8 in a research report on Monday, April 14th. They issued a "buy" rating and a $18.00 target price for the company. Fifteen research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Hut 8 has an average rating of "Buy" and a consensus target price of $26.12.

Hut 8 Stock Performance

Shares of NASDAQ:HUT opened at $19.45 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.81 and a current ratio of 1.81. Hut 8 has a 52 week low of $8.73 and a 52 week high of $31.95. The firm has a 50 day simple moving average of $19.50 and a 200 day simple moving average of $16.66.

Hut 8 (NASDAQ:HUT - Get Free Report) last issued its quarterly 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. The business had revenue of $41.72 million during the quarter, compared to the consensus estimate of $49.10 million. Hut 8 had a net margin of 112.81% and a return on equity of 8.73%.

Insider Transactions at Hut 8

In related news, Director Joseph Flinn sold 11,069 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $15.77, for a total value of $174,558.13. Following the transaction, the director directly owned 19,791 shares in the company, valued at approximately $312,104.07. This trade represents a 35.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 11.20% of the company's stock.

Institutional Inflows and Outflows

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

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.

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