Bit Digital, Inc. (NASDAQ:BTBT – Free Report) – Analysts at HC Wainwright increased their Q3 2025 earnings per share (EPS) estimates for Bit Digital in a research note issued on Monday, August 18th. HC Wainwright analyst K. Dede now forecasts that the company will earn $0.00 per share for the quarter, up from their prior estimate 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.
Bit Digital (NASDAQ:BTBT – Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $25.66 million for the quarter, compared to analyst estimates of $27.46 million. Bit Digital had a negative net margin of 52.86% and a negative return on equity of 9.90%.
View Our Latest Stock Analysis on Bit Digital
Bit Digital Price Performance
Shares of BTBT opened at $2.72 on Tuesday. The firm has a market capitalization of $874.29 million, a PE ratio of -8.77 and a beta of 4.90. Bit Digital has a 1-year low of $1.69 and a 1-year high of $5.74. The company’s fifty day moving average price is $2.95 and its 200-day moving average price is $2.56.
Insider Buying and Selling at Bit Digital
In other Bit Digital news, CEO Samir Tabar purchased 750,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were 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 owned 2,108,089 shares in the company, valued at $4,216,178. This trade represents a 55.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brock Jeffrey Pierce purchased 500,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was acquired at an average cost of $2.00 per share, for a total transaction 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. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Bit Digital
Several hedge funds have recently modified their holdings of BTBT. Balyasny Asset Management L.P. purchased a new stake in shares of Bit Digital during the 2nd quarter worth about $10,385,000. Valiant Capital Management L.P. acquired a new position in shares of Bit Digital during the 2nd quarter worth about $8,760,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Bit Digital during the 2nd quarter worth about $7,512,000. Hood River Capital Management LLC acquired a new position in shares of Bit Digital during the 2nd quarter worth about $5,703,000. Finally, Conversant Capital LLC acquired a new position in shares of Bit Digital during the 2nd quarter worth about $4,982,000. 47.70% of the stock is owned by hedge funds and other 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.
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