Northland Capmk Has Positive View of Bit Digital Q3 Earnings

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) - Equities research analysts at Northland Capmk raised their Q3 2025 EPS estimates for shares of Bit Digital in a note issued to investors on Tuesday, August 19th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of $0.00 per share for the quarter, up from their previous estimate of ($0.01). The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share.

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 analysts' expectations of $27.46 million. Bit Digital had a negative net margin of 52.86% and a negative return on equity of 9.90%.

A number of other research analysts have also recently issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $7.00 target price on shares of Bit Digital in a research report on Monday, August 18th. Wall Street Zen upgraded Bit Digital from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, Bit Digital has an average rating of "Buy" and an average target price of $6.33.

Bit Digital Trading Down 2.3%

Bit Digital stock traded down $0.0650 during midday trading on Wednesday, reaching $2.8150. The company's stock had a trading volume of 10,955,283 shares, compared to its average volume of 24,263,496. Bit Digital has a 52 week low of $1.69 and a 52 week high of $5.74. The business has a 50-day moving average price of $2.97 and a 200-day moving average price of $2.55. The stock has a market cap of $904.83 million, a PE ratio of -9.14 and a beta of 4.90.

Insider Activity

In other Bit Digital news, Director Brock Jeffrey Pierce bought 500,000 shares of Bit Digital stock in a transaction on Wednesday, June 25th. The shares were purchased at an average cost of $2.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director directly owned 500,000 shares of the company's stock, valued at $1,000,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Samir Tabar bought 750,000 shares of Bit Digital stock in a transaction on Wednesday, June 25th. The shares were acquired at an average cost of $2.00 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Bit Digital

Institutional investors have recently added to or reduced their stakes in the business. Walleye Trading LLC bought a new stake in Bit Digital during the 2nd quarter worth approximately $25,000. Cerity Partners LLC bought a new stake in Bit Digital during the 1st quarter worth approximately $25,000. Stifel Financial Corp grew its holdings in Bit Digital by 31.0% during the 4th quarter. Stifel Financial Corp now owns 14,027 shares of the company's stock worth $41,000 after acquiring an additional 3,320 shares during the last quarter. Bank of Montreal Can bought a new stake in Bit Digital during the 4th quarter worth approximately $43,000. Finally, Advance Capital Management Inc. bought a new stake in Bit Digital during the 1st quarter worth approximately $31,000. 47.70% of the stock is owned by institutional investors.

Bit Digital Company Profile

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.