Hut 8 (NASDAQ:HUT) Price Target Raised to $140.00

Hut 8 (NASDAQ:HUT) had its price objective increased by equities researchers at Citizens Jmp from $100.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target indicates a potential upside of 46.01% from the stock’s previous close.

HUT has been the subject of several other research reports. B. Riley Financial raised their price target on shares of Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 9th. HC Wainwright reiterated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research note on Thursday, February 26th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Hut 8 in a research note on Thursday, February 26th. Arete Research initiated coverage on shares of Hut 8 in a research note on Monday, March 23rd. They set a “buy” rating and a $136.00 price target on the stock. Finally, Roth Mkm reiterated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research note on Tuesday, January 27th. Sixteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.50.

Hut 8 Stock Down 12.0%

Shares of HUT traded down $13.06 on Thursday, hitting $95.88. 5,697,566 shares of the stock traded hands, compared to its average volume of 5,031,886. The company has a market capitalization of $10.79 billion, a PE ratio of -41.54 and a beta of 4.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day simple moving average of $59.84 and a 200 day simple moving average of $52.89. Hut 8 has a one year low of $12.81 and a one year high of $111.33.

Insiders Place Their Bets

In related news, insider Victor Semah sold 10,518 shares of Hut 8 stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.83, for a total transaction of $808,097.94. Following the transaction, the insider owned 41,378 shares in the company, valued at approximately $3,179,071.74. The trade was a 20.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Joseph Glennan sold 4,625 shares of Hut 8 stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the transaction, the chief financial officer owned 12,068 shares in the company, valued at approximately $591,935.40. This trade represents a 27.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 20,641 shares of company stock worth $1,304,631. 11.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Hut 8 by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 7,978,357 shares of the company’s stock valued at $366,526,000 after buying an additional 250,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hut 8 by 4,669,387.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock valued at $186,629,000 after buying an additional 4,062,367 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Hut 8 by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock valued at $104,133,000 after buying an additional 504,652 shares in the last quarter. SRS Investment Management LLC purchased a new position in shares of Hut 8 during the 4th quarter valued at $131,838,000. Finally, Sachem Head Capital Management LP purchased a new position in shares of Hut 8 during the 4th quarter valued at $129,780,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Key Hut 8 News

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

• Positive Sentiment: Signed a 15‑year, 352 MW triple‑net lease at Beacon Point worth $9.8 billion in base-term contract value — validates Hut 8’s pivot to hyperscale AI data centers and materially expands contracted revenue. Article Title
• Positive Sentiment: Multiple brokerages lifted targets and kept buy/overweight ratings (Canaccord to $130, Needham to $128, Piper Sandler to $127, BTIG to $115) — analysts are revaluing HUT on the company’s AI/data‑center runway. Article Title
• Positive Sentiment: Closed a $3.25 billion offering of fully amortizing, 16.5‑year senior secured notes to finance River Bend — non‑dilutive, high‑leverage project financing that supports rapid buildout. Article Title
• Neutral Sentiment: Revenue momentum: Q1 revenue more than tripled year-over-year and the company hit an all‑time high in shares on the news — strong top‑line validation of the strategy. Article Title
• Negative Sentiment: Mixed financials: Q1 produced a large per‑share loss and negative net margins (company reported wide EPS shortfall vs. some consensus metrics), leaving profitability and cash‑flow conversion still uncertain. Article Title
• Negative Sentiment: After the several‑day, high‑velocity rally, the stock is experiencing profit‑taking and higher volatility (HUT has a high beta and recently traded well above its 50/200‑day averages), which helps explain today’s pullback despite the long‑term positives. (Market data and trading commentary.)

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.