Northland Capmk Forecasts Stronger Earnings for Bit Digital

Key Points

• Northland Capital Markets has increased its Q3 2025 EPS estimate for Bit Digital to $0.00, a rise from a prior forecast of ($0.01).
• Bit Digital's stock has an average price target of $6.33, with various analysts recommending a "Buy" or "Hold" rating.
• Recently, significant insider purchases were made, with the CEO acquiring 750,000 shares at $2.00 each, indicating strong internal confidence in the company's prospects.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Investment analysts at Northland Capmk lifted their Q3 2025 earnings per share estimates for shares of Bit Digital in a research report issued on Tuesday, August 19th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of $0.00 for the quarter, up from their previous forecast of ($0.01). The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share.

Several other analysts also recently commented on BTBT. HC Wainwright restated a "buy" rating and issued a $7.00 target price on shares of Bit Digital in a research note on Monday, August 18th. Wall Street Zen raised Bit Digital from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat, Bit Digital has an average rating of "Buy" and a consensus target price of $6.33.

Bit Digital Price Performance

Shares of BTBT traded up $0.16 during trading hours on Wednesday, hitting $2.88. The stock had a trading volume of 20,383,953 shares, compared to its average volume of 31,549,892. The firm has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $2.55. The firm has a market capitalization of $925.72 million, a P/E ratio of -9.29 and a beta of 4.90. Bit Digital has a 1-year low of $1.69 and a 1-year high of $5.74.

Bit Digital (NASDAQ:BTBT - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $25.66 million during the quarter, compared to the consensus estimate of $27.46 million. Bit Digital had a negative return on equity of 9.90% and a negative net margin of 52.86%.

Insider Activity at Bit Digital

In other Bit Digital news, CEO Samir Tabar bought 750,000 shares of Bit Digital stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of $2.00 per share, with a total value of $1,500,000.00. Following the completion of the acquisition, the chief executive officer directly owned 2,108,089 shares in the company, valued at approximately $4,216,178. The trade was a 55.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brock Jeffrey Pierce bought 500,000 shares of Bit Digital stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of $2.00 per share, with a total value of $1,000,000.00. Following the completion of the acquisition, the director owned 500,000 shares of the company's stock, valued at $1,000,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Bit Digital

Several institutional investors have recently modified their holdings of BTBT. Cerity Partners LLC bought a new position in shares of Bit Digital in the first quarter valued at approximately $25,000. Walleye Trading LLC purchased a new position in Bit Digital in the second quarter valued at approximately $25,000. Advance Capital Management Inc. purchased a new position in Bit Digital in the first quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd lifted its stake in Bit Digital by 2,892.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,200 shares of the company's stock valued at $31,000 after purchasing an additional 14,692 shares during the last quarter. Finally, Plancorp LLC lifted its stake in Bit Digital by 34.8% in the second quarter. Plancorp LLC now owns 15,500 shares of the company's stock valued at $34,000 after purchasing an additional 4,000 shares during the last quarter. 47.70% of the stock is owned by institutional investors.

About Bit Digital

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.