Hut 8’s (HUT) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Hut 8 (NASDAQ:HUT) in a report released on Thursday morning,Benzinga reports. The firm currently has a $65.00 target price on the stock.

HUT has been the subject of a number of other reports. Northland Securities set a $58.00 price target on Hut 8 in a report on Wednesday, November 5th. HC Wainwright started coverage on shares of Hut 8 in a research report on Monday, February 2nd. They issued a “buy” rating and a $80.00 price objective for the company. Wall Street Zen upgraded shares of Hut 8 from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Piper Sandler reissued an “overweight” rating on shares of Hut 8 in a research note on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hut 8 in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Hut 8 presently has a consensus rating of “Buy” and an average target price of $65.06.

Hut 8 Stock Down 0.9%

HUT opened at $54.82 on Thursday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of -23.63 and a beta of 4.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day simple moving average is $55.01 and its 200-day simple moving average is $43.68. Hut 8 has a twelve month low of $10.04 and a twelve month high of $66.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Hut 8 during the 4th quarter worth approximately $30,000. Imprint Wealth LLC acquired a new position in Hut 8 during the fourth quarter worth $38,000. Activest Wealth Management bought a new position in Hut 8 in the fourth quarter valued at $49,000. Danske Bank A S bought a new position in Hut 8 in the fourth quarter valued at $51,000. Finally, CWM LLC increased its stake in Hut 8 by 37.4% in the 4th quarter. CWM LLC now owns 1,106 shares of the company’s stock valued at $51,000 after buying an additional 301 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Hut 8

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.