Hut 8 (NASDAQ:HUT) Downgraded by Wall Street Zen to Sell

Hut 8 (NASDAQ:HUT) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

HUT has been the subject of a number of other research reports. Rosenblatt Securities restated a “buy” rating and set a $65.00 target price on shares of Hut 8 in a research report on Thursday. Craig Hallum reissued a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a report on Thursday, December 18th. HC Wainwright restated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Thursday. Canaccord Genuity Group lifted their target price on Hut 8 from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. Finally, Cantor Fitzgerald raised their price target on Hut 8 from $24.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $65.56.

Hut 8 Price Performance

NASDAQ:HUT opened at $53.23 on Friday. The business’s 50-day simple moving average is $55.19 and its two-hundred day simple moving average is $43.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14. Hut 8 has a 52 week low of $10.04 and a 52 week high of $66.07. The stock has a market cap of $5.90 billion, a PE ratio of -22.94 and a beta of 4.42.

Hedge Funds Weigh In On Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of HUT. Mcguire Capital Advisors Inc. purchased a new stake in Hut 8 during the 4th quarter valued at $193,000. T. Rowe Price Investment Management Inc. boosted its stake in Hut 8 by 32.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,836,051 shares of the company’s stock worth $84,349,000 after buying an additional 445,868 shares during the period. Invesco Ltd. increased its position in Hut 8 by 6.8% during the fourth quarter. Invesco Ltd. now owns 1,007,988 shares of the company’s stock valued at $46,307,000 after acquiring an additional 64,053 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Hut 8 in the fourth quarter valued at $203,000. Finally, Beartown Capital Management LLC purchased a new stake in shares of Hut 8 in the fourth quarter valued at $11,944,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Key Stories Impacting Hut 8

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

• Positive Sentiment: Hut 8 reported a Q4 beat with revenue up ~179% year‑over‑year, driven by Compute growth and a strategic pivot toward AI and power‑first infrastructure — this supports higher revenue trajectory and analyst enthusiasm. Zacks: Q4 earnings
• Positive Sentiment: Several brokerages either raised price targets or reaffirmed “buy” ratings — Canaccord to $70, Needham to $66, HC Wainwright reaffirmed at $80, Rosenblatt at $65 — giving upside targets well above current levels and likely supporting buying interest. Benzinga: analyst moves
• Positive Sentiment: Vertiv announced a collaboration with Hut 8 to scale AI data‑center deployments (Vertiv OneCore / digital twin approach), validating Hut 8’s push into AI infrastructure and potential revenue streams beyond pure crypto mining. PR Newswire: Vertiv collaboration
• Neutral Sentiment: Company Q4 2025 earnings call summary is available for detail on operational drivers and management commentary (useful for judging sustainability of Compute/AI momentum). Yahoo Finance: earnings call summary
• Neutral Sentiment: Coverage pieces comparing Hut 8 to peers and discussing valuation/policy tradeoffs have appeared — useful for longer‑term positioning but less likely to move the stock immediately. AAII: investment comparison
• Negative Sentiment: Northland Securities sharply cut EPS estimates across 2026 (Q1–Q4) and slashed FY2026 to ($0.81) from prior positive forecasts — a material downgrade that increases near‑term earnings risk and may have driven some selling/volatility. MarketBeat: analyst estimate changes

About Hut 8

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.