Hut 8 (NASDAQ:HUT) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Hut 8 (NASDAQ:HUT) in a research report sent to investors on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $124.00 price objective on the stock.

HUT has been the topic of a number of other reports. Arete Research began coverage on shares of Hut 8 in a research report on Monday, March 23rd. They set a “buy” rating and a $136.00 target price on the stock. Cantor Fitzgerald increased their price objective on Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Citizens Jmp raised their price objective on Hut 8 from $100.00 to $140.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. Citigroup reaffirmed an “outperform” rating on shares of Hut 8 in a research report on Tuesday, April 28th. Finally, Northland Securities set a $120.00 target price on Hut 8 in a report on Thursday, May 7th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.26.

Hut 8 Stock Up 8.0%

Shares of HUT opened at $108.98 on Tuesday. The firm has a fifty day moving average price of $111.24 and a 200-day moving average price of $78.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $12.27 billion, a P/E ratio of -36.33 and a beta of 4.62. Hut 8 has a 12-month low of $18.68 and a 12-month high of $140.80.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). The company had revenue of $139.31 million for the quarter, compared to the consensus estimate of $78.53 million. Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. Equities research analysts expect that Hut 8 will post -1.29 earnings per share for the current year.

Insider Buying and Selling at Hut 8

In related news, insider Victor Semah sold 10,000 shares of Hut 8 stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider directly owned 31,378 shares of the company’s stock, valued at $3,922,250. This trade represents a 24.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy Marie Wilkinson sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the completion of the transaction, the director directly owned 262,136 shares of the company’s stock, valued at $26,418,066.08. This trade represents a 7.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 112,724 shares of company stock worth $12,184,340 over the last quarter. 10.40% of the stock is currently owned by company insiders.

Institutional Trading of Hut 8

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arlington Trust Co LLC raised its position in shares of Hut 8 by 175.0% in the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Hut 8 by 42.1% during the 2nd quarter. CoreCap Advisors LLC now owns 540 shares of the company’s stock worth $62,000 after purchasing an additional 160 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Hut 8 during the 4th quarter worth $30,000. Imprint Wealth LLC bought a new stake in Hut 8 during the fourth quarter valued at about $38,000. Finally, Harbor Investment Advisory LLC bought a new stake in Hut 8 during the first quarter valued at about $47,000. Institutional investors own 31.75% of the company’s stock.

Trending Headlines about Hut 8

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

• Positive Sentiment: Hut 8 signed a second 15-year, $9.8 billion lease for 352 MW at Beacon Point, fully commercializing the Texas campus and materially expanding contracted AI infrastructure revenue. Reuters article
• Positive Sentiment: CEO Asher Genoot highlighted that power availability is the key constraint for AI data centers, reinforcing the investment thesis that Hut 8’s utility access is becoming a valuable competitive advantage. YouTube interview
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and raised its price target to $124, signaling continued analyst confidence in the stock’s AI infrastructure transformation. Benzinga report
• Neutral Sentiment: Options activity picked up sharply, with heavy call buying suggesting traders expect more upside, but this also indicates elevated speculation and volatility. Options data
• Negative Sentiment: Hut 8 still faces execution risk from its transition away from bitcoin mining, including exposure to crypto-related earnings volatility and the need to deliver future AI capacity on schedule. Earnings report

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.