Hut 8 (NASDAQ:HUT) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Hut 8 (NASDAQ:HUT) in a report issued on Thursday morning,Benzinga reports. They currently have a $80.00 target price on the stock.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods upped their target price on shares of Hut 8 from $55.00 to $75.00 and gave the company a “moderate buy” rating in a research report on Tuesday, January 27th. Piper Sandler restated an “overweight” rating on shares of Hut 8 in a report on Thursday, December 18th. Cantor Fitzgerald lifted their target price on shares of Hut 8 from $24.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Needham & Company LLC boosted their target price on Hut 8 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Northland Securities set a $58.00 price target on Hut 8 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $65.06.

Hut 8 Price Performance

HUT stock opened at $54.82 on Thursday. Hut 8 has a 52-week low of $10.04 and a 52-week high of $66.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of -23.63 and a beta of 4.42. The business has a fifty day moving average of $55.01 and a two-hundred day moving average of $43.68.

Hedge Funds Weigh In On Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of HUT. Nisa Investment Advisors LLC raised its stake in Hut 8 by 1.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 15,969 shares of the company’s stock valued at $734,000 after buying an additional 254 shares in the last quarter. CWM LLC raised its position in shares of Hut 8 by 37.4% during the 4th quarter. CWM LLC now owns 1,106 shares of the company’s stock worth $51,000 after acquiring an additional 301 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Hut 8 by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,500 shares of the company’s stock worth $331,000 after purchasing an additional 321 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hut 8 by 1.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,685 shares of the company’s stock valued at $996,000 after purchasing an additional 362 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Hut 8 by 4.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,992 shares of the company’s stock valued at $413,000 after purchasing an additional 388 shares during the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 News Summary

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Strong revenue growth and strategic AI pivot — Zacks reports Q4 revenue jumped ~179% year-over-year driven by Compute growth and a deliberate shift to AI and power‑first infrastructure, which supports Hut 8’s longer‑term growth thesis. HUT 8 Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Analyst upward revisions and buy ratings — HC Wainwright, Rosenblatt and Needham reaffirm/raise coverage and lift price targets (up to $80, $65 and $66 respectively), signaling institutional confidence in Hut 8’s AI/compute strategy and implying meaningful upside. Benzinga coverage of analyst actions
• Positive Sentiment: Partnership to scale AI deployments — Vertiv announced a collaboration with Hut 8 to industrialize and accelerate deployment of high‑density AI infrastructure, which could de‑risk buildout timelines and increase addressable market for Hut 8’s compute services. Vertiv industrializes AI deployment; collaborates with Hut 8
• Positive Sentiment: Brokerage consensus = Buy — Coverage aggregation shows a consensus buy, reinforcing positive analyst sentiment around the company’s strategic repositioning. Hut 8 Receives Consensus “Buy”
• Neutral Sentiment: Detailed investor materials released — Management published the Q4 slide deck and earnings call transcript (Seeking Alpha and company documents) — useful for modeling revenue cadence, capital plans and the timing of AI/compute customer wins. Q4 Results – Earnings Call Presentation
• Negative Sentiment: Large GAAP loss and EPS miss — Company reported a steep GAAP loss (reported EPS around -$2.63 to -$2.75 in various releases) and a sizable net loss in the quarter, driven in part by non‑cash items and remeasurements, which raises near‑term profitability concerns. Press Release / Slide Deck
• Negative Sentiment: Mixed quarter vs Street expectations — Some outlets note revenue or EPS fell short of certain Street projections (e.g., revenue reported ~$88.5M vs some estimates near $103M), creating short‑term volatility as investors reconcile strong y/y growth with quarterly beats/misses. Hut 8 Stock Pops As Earnings Highlight AI Pivot

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.