Hut 8 Corp. (NASDAQ:HUT) Stock Has Consensus Price Target of $146.77 According to Brokerages

Hut 8 Corp. (NASDAQ:HUT) has been given an average recommendation of “Buy” by the twenty-four analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $137.45.

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Hut 8 from a “strong sell” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods dropped their target price on shares of Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Roth Capital assumed coverage on Hut 8 in a report on Wednesday, October 7th. They set a “buy” rating and a $108.00 price objective for the company. Rothschild & Co Redburn began coverage on shares of Hut 8 in a research report on Monday, September 21st. They set a “neutral” rating and a $96.00 target price for the company. Finally, Rosenblatt Securities reduced their price target on Hut 8 from $124.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday.

Hut 8 Trading Up 8.3%

Shares of NASDAQ HUT opened at $57.02 on Tuesday. Hut 8 has a fifty-two week low of $31.67 and a fifty-two week high of $140.80. The company has a quick ratio of 19.35, a current ratio of 19.35 and a debt-to-equity ratio of 4.22. The firm’s 50-day simple moving average is $80.49 and its 200 day simple moving average is $82.17.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $1.70. The business had revenue of $71.07 million during the quarter, compared to the consensus estimate of $75.78 million. Hut 8 had a negative return on equity of 9.99% and a negative net margin of 169.76%. As a group, research analysts forecast that Hut 8 will post -1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Hut 8 news, CFO Sean Glennan sold 6,445 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $78.76, for a total value of $507,608.20. Following the sale, the chief financial officer directly owned 17,978 shares in the company, valued at $1,415,947.28. This represents a 26.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mayo Shattuck, III sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director owned 89,408 shares in the company, valued at $8,940,800. This represents a 18.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Hut 8

Several large investors have recently added to or reduced their stakes in HUT. Canada Pension Plan Investment Board purchased a new position in shares of Hut 8 during the 2nd quarter valued at about $45,301,000. Signal Advisors Wealth LLC bought a new stake in Hut 8 in the 3rd quarter worth approximately $2,378,000. Dimensional Fund Advisors LP boosted its stake in Hut 8 by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 207,619 shares of the company’s stock worth $9,717,000 after buying an additional 20,813 shares in the last quarter. Dayah Capital LLC boosted its stake in Hut 8 by 12.6% in the first quarter. Dayah Capital LLC now owns 217,920 shares of the company’s stock worth $10,223,000 after buying an additional 24,456 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hut 8 in the first quarter worth approximately $4,358,000. Institutional investors own 31.75% of the company’s stock.

Hut 8 News Roundup

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

• Positive Sentiment: Hut 8’s reported $26.6 billion AI pipeline helped support a rebound after an earnings-related selloff, reinforcing hopes that AI data-center demand can become a significant growth driver. Hut 8 Stock Rebounds as AI Pipeline Hits $26.6B
• Positive Sentiment: Northland Securities raised its earnings estimates for Hut 8, a potentially supportive sign that its outlook is improving. Northland Securities Boosts Earnings Estimates for Hut 8
• Positive Sentiment: Management highlighted AI growth prospects and liquidity on its Q3 earnings call, which may reassure investors about the company’s ability to fund its plans. Hut 8 Earnings Call Highlights AI Growth and Liquidity
• Neutral Sentiment: Morgan Stanley cut its Hut 8 price target from $275 to $184 but maintained an “overweight” rating. The retained bullish rating is offset by the substantial target reduction. Morgan Stanley Stock Recommendations
• Neutral Sentiment: Bitcoin mining difficulty is forecast to fall 6.4%. This could affect mining economics, but the report does not establish a direct company-specific impact for Hut 8. Bitcoin Mining Difficulty Is Set for a 6.4% Drop
• Negative Sentiment: Broader concerns about a possible slowdown in AI data-center expansion—including another operator’s delayed revenue target—could weigh on sentiment toward Hut 8’s AI growth plans. Is America’s AI Data Center Boom About to Hit a Brick Wall?

About Hut 8

Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads.

The company’s services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.

Hut 8 Corp was formed in 2023 through the merger of Canadian Bitcoin miner Hut 8 Mining Corp.