Research Analysts Set Expectations for Hut 8 Q1 Earnings

Hut 8 Corp. (NASDAQ:HUT) – Research analysts at HC Wainwright cut their Q1 2025 EPS estimates for shares of Hut 8 in a research report issued to clients and investors on Tuesday, March 4th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of ($0.20) for the quarter, down from their prior forecast of ($0.13). HC Wainwright has a “Buy” rating and a $30.00 price target on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.53) per share. HC Wainwright also issued estimates for Hut 8’s Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.50) EPS.

HUT has been the subject of several other reports. Benchmark restated a “buy” rating and issued a $41.00 price objective on shares of Hut 8 in a research note on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Hut 8 in a report on Tuesday. Piper Sandler assumed coverage on Hut 8 in a research report on Tuesday, December 17th. They set an “overweight” rating and a $33.00 price target for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $32.00 target price on shares of Hut 8 in a report on Tuesday. Finally, Keefe, Bruyette & Woods initiated coverage on Hut 8 in a research note on Wednesday, January 8th. They issued an “outperform” rating for the company. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $31.38.

Hut 8 Stock Up 6.4 %

NASDAQ:HUT opened at $14.92 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $21.21 and a 200-day simple moving average of $18.72. Hut 8 has a 12 month low of $6.77 and a 12 month high of $31.95.

Institutional Trading of Hut 8

Several large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hut 8 in the 3rd quarter valued at approximately $9,997,000. Paloma Partners Management Co acquired a new stake in shares of Hut 8 during the 3rd quarter worth about $834,000. State Street Corp lifted its holdings in shares of Hut 8 by 12.6% in the 3rd quarter. State Street Corp now owns 2,740,769 shares of the company’s stock worth $33,602,000 after acquiring an additional 307,292 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Hut 8 by 129.1% during the third quarter. MetLife Investment Management LLC now owns 46,719 shares of the company’s stock worth $573,000 after purchasing an additional 26,324 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Hut 8 by 21.1% during the third quarter. Geode Capital Management LLC now owns 2,193,900 shares of the company’s stock worth $26,902,000 after buying an additional 381,720 shares during the period. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Hut 8 Company Profile

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.