HC Wainwright Issues Optimistic Outlook for Hut 8 Earnings

Hut 8 Corp. (NASDAQ:HUT) – Stock analysts at HC Wainwright boosted their Q3 2025 earnings estimates for shares of Hut 8 in a research note issued on Thursday, November 14th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.15 per share for the quarter, up from their prior forecast of $0.10. HC Wainwright has a “Buy” rating and a $35.00 price target on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.55) per share. HC Wainwright also issued estimates for Hut 8’s Q4 2025 earnings at $0.19 EPS.

Several other brokerages also recently commented on HUT. Needham & Company LLC upped their price objective on Hut 8 from $21.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group upped their price target on shares of Hut 8 from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday. Craig Hallum lifted their price objective on shares of Hut 8 from $15.00 to $32.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus upped their target price on shares of Hut 8 from $15.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Wednesday, October 30th. Finally, Benchmark lifted their price target on shares of Hut 8 from $17.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hut 8 currently has an average rating of “Buy” and a consensus price target of $30.17.

Hut 8 Stock Performance

HUT opened at $25.26 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $14.47 and its 200-day moving average price is $12.93. Hut 8 has a one year low of $6.18 and a one year high of $28.47.

Institutional Trading of Hut 8

A number of hedge funds have recently bought and sold shares of the stock. Foundations Investment Advisors LLC increased its holdings in shares of Hut 8 by 2.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 48,728 shares of the company’s stock valued at $730,000 after acquiring an additional 949 shares during the period. AM Investment Strategies LLC grew its stake in Hut 8 by 3.6% in the third quarter. AM Investment Strategies LLC now owns 44,000 shares of the company’s stock valued at $539,000 after purchasing an additional 1,521 shares during the last quarter. Amalgamated Bank bought a new position in Hut 8 in the second quarter worth about $42,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hut 8 by 27.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,223 shares of the company’s stock valued at $213,000 after buying an additional 3,105 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Hut 8 in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

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.