Research Analysts Offer Predictions for Hut 8 Q3 Earnings

Hut 8 Corp. (NASDAQ:HUT) – Analysts at B. Riley lifted their Q3 2025 earnings per share (EPS) estimates for shares of Hut 8 in a report issued on Wednesday, October 22nd. B. Riley analyst N. Giles now anticipates that the company will earn ($0.19) per share for the quarter, up from their previous estimate of ($0.21). B. Riley currently has a “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 Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.56) EPS, FY2026 earnings at ($0.91) EPS and FY2027 earnings at $0.47 EPS.

Hut 8 (NASDAQ:HUT) last released its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. The company had revenue of $41.72 million for the quarter, compared to analyst estimates of $49.10 million. Hut 8 had a return on equity of 8.73% and a net margin of 112.81%.

HUT has been the topic of several other reports. JMP Securities raised their price objective on Hut 8 from $25.00 to $65.00 and gave the company a “market outperform” rating in a research note on Tuesday. Maxim Group raised their price objective on Hut 8 from $23.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hut 8 in a research note on Wednesday, October 8th. Rosenblatt Securities raised their price objective on Hut 8 from $30.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $60.00 price objective (up from $31.00) on shares of Hut 8 in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Hut 8 currently has an average rating of “Buy” and an average target price of $38.41.

Hut 8 Stock Up 17.3%

NASDAQ:HUT opened at $47.66 on Friday. The stock’s 50-day simple moving average is $35.25 and its 200 day simple moving average is $23.47. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Hut 8 has a twelve month low of $10.04 and a twelve month high of $57.29.

Hedge Funds Weigh In On Hut 8

A number of hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of Hut 8 by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock worth $30,000 after acquiring an additional 655 shares during the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of Hut 8 by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 44,713 shares of the company’s stock valued at $832,000 after acquiring an additional 732 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Hut 8 by 1.1% during the second quarter. Intech Investment Management LLC now owns 66,957 shares of the company’s stock valued at $1,245,000 after buying an additional 734 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Hut 8 by 116.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock valued at $28,000 after buying an additional 815 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Hut 8 by 7.9% during the first quarter. Victory Capital Management Inc. now owns 11,127 shares of the company’s stock valued at $129,000 after buying an additional 819 shares during the last quarter. 31.75% of the stock is currently owned by institutional investors.

Insider Transactions at Hut 8

In other news, Director Joseph Flinn sold 8,500 shares of Hut 8 stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $26.55, for a total transaction of $225,675.00. Following the sale, the director directly owned 9,791 shares of the company’s stock, valued at approximately $259,951.05. This trade represents a 46.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sean Joseph Glennan sold 6,060 shares of Hut 8 stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.09, for a total value of $133,865.40. Following the sale, the chief financial officer directly owned 6,295 shares in the company, valued at $139,056.55. The trade was a 49.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,060 shares of company stock worth $399,485 over the last three months. Insiders own 11.20% of the company’s stock.

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.