Hut 8 (NASDAQ:HUT) Now Covered by Arete Research

Arete Research assumed coverage on shares of Hut 8 (NASDAQ:HUT) in a report issued on Monday, MarketBeat reports. The brokerage issued a buy rating and a $136.00 price target on the stock.

A number of other analysts also recently weighed in on HUT. Piper Sandler restated an “overweight” rating on shares of Hut 8 in a report on Thursday, December 18th. Keefe, Bruyette & Woods increased their price target on shares of Hut 8 from $55.00 to $75.00 and gave the company a “moderate buy” rating in a report on Tuesday, January 27th. BTIG Research reiterated a “buy” rating and issued a $55.00 price target on shares of Hut 8 in a research report on Wednesday, December 17th. Canaccord Genuity Group upped their price objective on Hut 8 from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Needham & Company LLC raised their price objective on Hut 8 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

Hut 8 Stock Performance

NASDAQ:HUT opened at $52.94 on Monday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of -22.82 and a beta of 4.42. Hut 8 has a 1 year low of $10.04 and a 1 year high of $66.07. The stock’s 50 day simple moving average is $54.23 and its two-hundred day simple moving average is $47.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.09 and a quick ratio of 1.09.

Insider Transactions at Hut 8

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $226,856.25. Following the completion of the sale, the chief financial officer owned 12,068 shares of the company’s stock, valued at $591,935.40. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victor Semah sold 5,498 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $269,676.90. Following the transaction, the insider owned 24,796 shares of the company’s stock, valued at $1,216,243.80. This trade represents a 18.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of HUT. Purpose Unlimited Inc. purchased a new position in Hut 8 during the 4th quarter valued at $138,000. Corient Private Wealth LLC purchased a new position in Hut 8 in the 4th quarter worth about $246,000. Caitong International Asset Management Co. Ltd purchased a new position in Hut 8 in the 4th quarter worth about $1,037,000. Mcguire Capital Advisors Inc. bought a new stake in Hut 8 during the 4th quarter valued at about $193,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in Hut 8 by 32.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,836,051 shares of the company’s stock valued at $84,349,000 after buying an additional 445,868 shares during the period. 31.75% of the stock is owned by institutional investors.

Hut 8 News Roundup

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

• Positive Sentiment: Arete Research initiated coverage on HUT with a “Buy” rating and a $136 price target (roughly 150%+ upside), raising expectations for future appreciation and likely attracting buy-side flows. This is the primary catalyst behind the stock’s strong intraday move. Arete Research Sees More Than 150% Upside In Hut 8 Stock
• Positive Sentiment: Market write-ups highlighted the upbeat outlook and the analyst price-target hike, which contributed to a roughly 11.5% jump in the share price on Monday as momentum and headline-driven trading pushed buyers in. Hut 8 (HUT) Surges 11.5% on Upbeat Outlook, Analyst Hikes PT by 157%
• Neutral Sentiment: Consensus analyst coverage remains cautiously favorable—a “Moderate Buy” consensus suggests general analyst support but not unanimous conviction, so further upgrades or downgrades will matter for follow-through. Hut 8 Corp. (NASDAQ:HUT) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Negative Sentiment: Several senior Hut 8 executives sold company stock around the same time, which can be interpreted as profit-taking or insider confidence concerns and may damp investor enthusiasm if selling continues. Monitor further insider transactions and SEC filings for magnitude and timing. Hut 8 Senior Executives Sell Company Stock

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.