Q4 EPS Estimates for Bit Digital Lowered by Noble Financial

Key Points

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Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Equities research analysts at Noble Financial cut their Q4 2025 earnings per share estimates for shares of Bit Digital in a report released on Monday, August 18th. Noble Financial analyst J. Gomes now anticipates that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. Noble Financial also issued estimates for Bit Digital's FY2026 earnings at $0.03 EPS.

BTBT has been the subject of several other reports. Wall Street Zen raised Bit Digital from a "strong sell" rating to a "hold" rating in a research report on Saturday. HC Wainwright reissued a "buy" rating and set a $7.00 price target on shares of Bit Digital in a research report on Monday.

Bit Digital Stock Down 2.3%

Shares of NASDAQ BTBT opened at $2.94 on Tuesday. Bit Digital has a 12 month low of $1.69 and a 12 month high of $5.74. The company has a market cap of $940.68 million, a price-to-earnings ratio of -9.48 and a beta of 4.90. The business has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $2.56.

Bit Digital (NASDAQ:BTBT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The company had revenue of $25.66 million during the quarter, compared to analyst estimates of $27.46 million. Bit Digital had a negative return on equity of 11.39% and a negative net margin of 52.86%.

Insider Activity

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

Institutional Trading of Bit Digital

Hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC bought a new stake in Bit Digital during the 1st quarter valued at approximately $25,000. Walleye Trading LLC bought a new stake in shares of Bit Digital in the 2nd quarter worth approximately $25,000. Advance Capital Management Inc. bought a new stake in shares of Bit Digital in the 1st quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Bit Digital by 2,892.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 15,200 shares of the company's stock worth $31,000 after acquiring an additional 14,692 shares during the period. Finally, Plancorp LLC lifted its position in shares of Bit Digital by 34.8% in the 2nd quarter. Plancorp LLC now owns 15,500 shares of the company's stock worth $34,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 47.70% of the company's stock.

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.

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