Keefe, Bruyette & Woods Lowers Hut 8 (NASDAQ:HUT) Price Target to $154.00

Posted by George Bondi on Aug 6th, 2026

Hut 8 (NASDAQ:HUT – Get Free Report) had its target price reduced by equities researchers at Keefe, Bruyette & Woods from $157.00 to $154.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 70.77% from the stock’s previous close.

Other analysts also recently issued reports about the stock. B. Riley Financial boosted their target price on shares of Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen lowered shares of Hut 8 from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Piper Sandler upped their price target on Hut 8 from $93.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Benchmark increased their price objective on Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Needham & Company LLC reduced their price objective on Hut 8 from $145.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Hut 8 currently has a consensus rating of “Buy” and an average target price of $138.35.

Check Out Our Latest Analysis on Hut 8

Hut 8 Stock Performance

Shares of Hut 8 stock opened at $90.18 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.86. Hut 8 has a 1 year low of $18.68 and a 1 year high of $140.80. The firm’s 50-day simple moving average is $111.24 and its 200-day simple moving average is $81.88. The firm has a market cap of $10.15 billion, a PE ratio of -16.61 and a beta of 4.64.

Hut 8 (NASDAQ:HUT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative return on equity of 0.98% and a negative net margin of 188.59%.The firm had revenue of $72.66 million for the quarter, compared to the consensus estimate of $79.37 million. During the same quarter last year, the business earned $1.18 earnings per share. Equities analysts forecast that Hut 8 will post -2.54 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph Flinn sold 30,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $116.21, for a total transaction of $3,544,405.00. Following the completion of the transaction, the director owned 18,238 shares in the company, valued at approximately $2,119,437.98. The trade was a 62.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Victor Semah sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the transaction, the insider directly owned 31,378 shares of the company’s stock, valued at approximately $3,922,250. The trade was a 24.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,206 shares of company stock valued at $11,376,242 in the last ninety days. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of HUT. Northwestern Mutual Wealth Management Co. increased its position in 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 worth $186,629,000 after purchasing an additional 4,062,367 shares in the last quarter. SRS Investment Management LLC bought a new stake in Hut 8 during the 4th quarter worth $131,838,000. Sachem Head Capital Management LP bought a new position in Hut 8 in the fourth quarter valued at about $129,780,000. Ameriprise Financial Inc. lifted its holdings in shares of Hut 8 by 1,043.0% during the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock worth $46,255,000 after purchasing an additional 2,269,237 shares during the period. Finally, Oasis Management Co Ltd. grew its stake in shares of Hut 8 by 231.5% in the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock worth $106,015,000 after purchasing an additional 1,611,653 shares during the last quarter. 31.75% of the stock is owned by institutional investors.

Key Stories Impacting Hut 8

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

Positive Sentiment: Maxim Group upgraded Hut 8 to “strong buy,” adding fresh analyst support for the stock. Zacks.com
Positive Sentiment: Traders purchased an unusually high volume of HUT call options, suggesting increased bullish positioning and expectations for a rebound. Stock Traders Purchase High Volume of Call Options on Hut 8
Positive Sentiment: Hut 8’s strategic shift toward power infrastructure and AI data centers remains a potential long-term catalyst. The company highlighted an 8.7-gigawatt development pipeline, while reported adjusted EBITDA and gross margins improved. It also secured substantial non-recourse project financing, potentially allowing expansion without significant equity dilution. Hut 8 Q2 2026: Buy The Transition Before It Shows In Earnings
Neutral Sentiment: Rosenblatt Securities reaffirmed its “buy” rating with a $124 price target, while Needham maintained a “buy” rating but lowered its target from $145 to $138. The continued bullish ratings are supportive, though the target reduction reflects some near-term caution. Analyst Ratings via Benzinga
Negative Sentiment: Second-quarter earnings disappointed investors: Hut 8 reported a larger-than-expected loss and revenue below analyst estimates. The weak results, ongoing GAAP losses and bitcoin-related mark-to-market volatility triggered selling pressure. Hut 8 Stock Price Down on Disappointing Earnings

Hut 8 Company Profile

(Get Free Report)

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.