B. Riley Issues Negative Estimate for Hut 8 Earnings

Hut 8 Corp. (NASDAQ:HUT) – B. Riley lowered their Q3 2025 earnings estimates for Hut 8 in a note issued to investors on Wednesday, July 9th. B. Riley analyst N. Giles now forecasts that the company will earn ($0.20) per share for the quarter, down from their prior estimate of ($0.18). 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 FY2025 earnings at ($0.81) EPS and FY2027 earnings at ($0.46) EPS.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The firm had revenue of $20.88 million for the quarter, compared to analysts’ expectations of $33.68 million. Hut 8 had a negative net margin of 39.92% and a positive return on equity of 13.00%.

Several other brokerages have also commented on HUT. UBS Group set a $33.00 price objective on shares of Hut 8 in a research report on Wednesday, April 2nd. Northland Capmk upgraded shares of Hut 8 to a “strong-buy” rating in a report on Monday, April 21st. Roth Capital began coverage on shares of Hut 8 in a report on Friday, June 6th. They issued a “buy” rating and a $25.00 price target on the stock. Citigroup began coverage on shares of Hut 8 in a research note on Thursday, May 22nd. They set an “outperform” rating on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $32.00 price objective on shares of Hut 8 in a research note on Monday, May 12th. Fifteen research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $25.76.

Hut 8 Stock Down 1.1%

HUT stock opened at $21.83 on Friday. The firm has a 50-day simple moving average of $17.36 and a two-hundred day simple moving average of $17.21. Hut 8 has a one year low of $8.73 and a one year high of $31.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26.

Hedge Funds Weigh In On Hut 8

Several institutional investors have recently bought and sold shares of HUT. State of Wyoming acquired a new position in Hut 8 in the 1st quarter valued at about $32,000. Optiver Holding B.V. acquired a new position in shares of Hut 8 during the fourth quarter worth about $35,000. US Bancorp DE grew its position in shares of Hut 8 by 3,961.7% during the first quarter. US Bancorp DE now owns 3,290 shares of the company’s stock worth $38,000 after buying an additional 3,209 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Hut 8 by 832.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,042 shares of the company’s stock worth $42,000 after buying an additional 1,823 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Hut 8 by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,553 shares of the company’s stock worth $52,000 after buying an additional 2,277 shares in the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hut 8

In related news, insider Victor Semah sold 11,363 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $12.95, for a total transaction of $147,150.85. Following the completion of the sale, the insider directly owned 15,738 shares of the company’s stock, valued at approximately $203,807.10. This trade represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Flinn sold 11,069 shares of the firm’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $15.77, for a total value of $174,558.13. Following the sale, the director directly owned 19,791 shares of the company’s stock, valued at $312,104.07. The trade was a 35.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.20% of the stock is currently owned by company insiders.

Hut 8 Company Profile

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.