HC Wainwright Brokers Lower Earnings Estimates for Hut 8

Hut 8 Corp. (NASDAQ:HUT) – Research analysts at HC Wainwright lowered their Q1 2025 EPS estimates for Hut 8 in a report released on Tuesday, March 4th. HC Wainwright analyst M. Colonnese now expects that the company will earn ($0.20) per share 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.

A number of other research firms also recently issued reports on HUT. Keefe, Bruyette & Woods initiated coverage on shares of Hut 8 in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock. Piper Sandler started coverage on shares of Hut 8 in a research note on Tuesday, December 17th. They set an “overweight” rating and a $33.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $41.00 target price on shares of Hut 8 in a research note on Tuesday, January 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $32.00 target price on shares of Hut 8 in a research note on Tuesday. Finally, Craig Hallum increased their target price on shares of Hut 8 from $15.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $31.38.

Hut 8 Stock Performance

Hut 8 stock opened at $13.41 on Thursday. The firm’s fifty day moving average is $21.00 and its 200 day moving average is $18.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. Hut 8 has a 52-week low of $6.77 and a 52-week high of $31.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Hut 8 by 77.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 545 shares during the last quarter. R Squared Ltd bought a new position in shares of Hut 8 in the fourth quarter worth about $26,000. Optiver Holding B.V. bought a new position in shares of Hut 8 in the fourth quarter worth about $35,000. Capital Performance Advisors LLP bought a new position in shares of Hut 8 in the third quarter worth about $40,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Hut 8 by 832.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,042 shares of the company’s stock worth $42,000 after purchasing an additional 1,823 shares during the last quarter. 31.75% of the stock is currently owned by institutional investors.

About Hut 8

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.