Northland Capmk Issues Positive Outlook for BitFuFu Earnings

BitFuFu Inc. (NASDAQ:FUFU) – Equities researchers at Northland Capmk lifted their FY2025 EPS estimates for BitFuFu in a research note issued to investors on Monday, August 18th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of ($0.01) for the year, up from their previous estimate of ($0.10). Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for BitFuFu’s current full-year earnings is $0.17 per share.

BitFuFu (NASDAQ:FUFU) last announced its earnings results on Friday, August 15th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. BitFuFu had a net margin of 12.44% and a return on equity of 10.33%. The company had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $101.60 million. During the same period last year, the firm earned ($0.01) earnings per share.

FUFU has been the topic of several other reports. Roth Capital initiated coverage on shares of BitFuFu in a report on Wednesday, August 13th. They set a “buy” rating and a $6.00 target price on the stock. B. Riley initiated coverage on shares of BitFuFu in a research report on Friday, July 18th. They set a “buy” rating and a $7.31 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of BitFuFu in a research report on Tuesday. Zacks Research upgraded shares of BitFuFu from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of BitFuFu from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, BitFuFu currently has an average rating of “Moderate Buy” and a consensus price target of $6.45.

BitFuFu Stock Up 1.2%

Shares of FUFU opened at $3.45 on Thursday. BitFuFu has a 12 month low of $2.91 and a 12 month high of $6.24. The firm’s 50 day moving average is $3.57 and its 200-day moving average is $4.01. The stock has a market capitalization of $566.32 million, a PE ratio of 11.90 and a beta of 0.31. The company has a current ratio of 2.97, a quick ratio of 3.02 and a debt-to-equity ratio of 0.70.

Hedge Funds Weigh In On BitFuFu

A number of hedge funds have recently modified their holdings of the business. Vident Advisory LLC lifted its holdings in shares of BitFuFu by 24.3% during the second quarter. Vident Advisory LLC now owns 245,497 shares of the company’s stock worth $793,000 after purchasing an additional 47,987 shares during the period. Engineers Gate Manager LP acquired a new position in shares of BitFuFu during the second quarter worth $36,000. Jane Street Group LLC lifted its holdings in shares of BitFuFu by 25.4% during the second quarter. Jane Street Group LLC now owns 15,743 shares of the company’s stock worth $51,000 after purchasing an additional 3,192 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of BitFuFu during the second quarter worth $529,000. Finally, Invesco Ltd. acquired a new position in shares of BitFuFu during the second quarter worth $321,000. Institutional investors and hedge funds own 37.26% of the company’s stock.

BitFuFu Company Profile

BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.