Q4 Earnings Forecast for Bit Digital Issued By HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Equities researchers at HC Wainwright raised their Q4 2025 earnings per share (EPS) estimates for Bit Digital in a research report issued to clients and investors on Monday, May 19th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). HC Wainwright currently has a "Buy" rating and a $7.00 target price on the stock. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share.

Separately, Craig Hallum initiated coverage on Bit Digital in a research note on Tuesday, January 21st. They set a "buy" rating and a $6.00 price target for the company.

Bit Digital Price Performance

Shares of NASDAQ:BTBT opened at $2.51 on Tuesday. The firm has a market capitalization of $511.42 million, a PE ratio of 41.83 and a beta of 5.25. The business has a 50-day moving average of $2.08 and a two-hundred day moving average of $3.02. Bit Digital has a 12 month low of $1.69 and a 12 month high of $5.74.

Bit Digital (NASDAQ:BTBT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01. Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%.

Institutional Investors Weigh In On Bit Digital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Uniplan Investment Counsel Inc. boosted its position in shares of Bit Digital by 203.8% in the first quarter. Uniplan Investment Counsel Inc. now owns 1,089,300 shares of the company's stock worth $2,200,000 after buying an additional 730,766 shares during the period. Millennium Management LLC boosted its position in shares of Bit Digital by 62.6% in the first quarter. Millennium Management LLC now owns 2,337,217 shares of the company's stock worth $4,721,000 after buying an additional 899,967 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bit Digital by 14.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,131,729 shares of the company's stock worth $4,306,000 after buying an additional 273,480 shares during the period. AQR Capital Management LLC boosted its position in shares of Bit Digital by 815.3% in the first quarter. AQR Capital Management LLC now owns 202,648 shares of the company's stock worth $409,000 after buying an additional 180,509 shares during the period. Finally, OLD Mission Capital LLC boosted its position in shares of Bit Digital by 112.6% in the first quarter. OLD Mission Capital LLC now owns 22,302 shares of the company's stock worth $45,000 after buying an additional 11,812 shares during the period. Hedge funds and other institutional investors own 47.70% of the company's stock.

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.

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