FY2026 Earnings Estimate for Hut 8 Issued By Northland Capmk

Hut 8 Corp. (NASDAQ:HUT) – Analysts at Northland Capmk boosted their FY2026 EPS estimates for shares of Hut 8 in a research note issued on Thursday, May 8th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of $0.18 for the year, up from their previous estimate of $0.17. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.53) per share.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The firm had revenue of $20.88 million for the quarter, compared to the consensus estimate of $33.68 million.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of Hut 8 in a research note on Friday. Maxim Group initiated coverage on Hut 8 in a research note on Thursday, May 1st. They issued a “buy” rating and a $20.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and set a $32.00 price objective on shares of Hut 8 in a research note on Tuesday, March 4th. HC Wainwright restated a “buy” rating and set a $25.00 target price on shares of Hut 8 in a report on Friday. Finally, Northland Securities assumed coverage on Hut 8 in a report on Monday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.00.

Hut 8 Stock Performance

NASDAQ HUT opened at $13.89 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $18.96. Hut 8 has a 12-month low of $7.67 and a 12-month high of $31.95.

Insider Buying and Selling at Hut 8

In related news, insider Victor Semah sold 11,363 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $12.95, for a total transaction of $147,150.85. Following the transaction, the insider now owns 15,738 shares of the company’s stock, valued at $203,807.10. This represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.00% of the stock is owned by company insiders.

Institutional Trading of Hut 8

Several large investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Hut 8 by 18.4% during the first quarter. Deutsche Bank AG now owns 84,536 shares of the company’s stock worth $982,000 after buying an additional 13,161 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Hut 8 by 2.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,039,169 shares of the company’s stock worth $12,075,000 after buying an additional 27,477 shares during the last quarter. Vanguard Group Inc. boosted its position in Hut 8 by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,546,935 shares of the company’s stock worth $76,075,000 after acquiring an additional 87,550 shares during the period. US Bancorp DE lifted its holdings in shares of Hut 8 by 3,961.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the company’s stock valued at $38,000 after buying an additional 3,209 shares during the period. Finally, Phoenix Financial Ltd. raised its position in shares of Hut 8 by 36.5% during the first quarter. Phoenix Financial Ltd. now owns 16,579 shares of the company’s stock worth $194,000 after purchasing an additional 4,429 shares during the period. Institutional investors and hedge funds 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.