Hut 8 (NASDAQ:HUT) Trading Down 2.3% on Analyst Downgrade

Posted by Stanley Muller on Aug 7th, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report)’s stock price fell 2.3% during mid-day trading on Friday after Keefe, Bruyette & Woods lowered their price target on the stock from $157.00 to $154.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Hut 8 traded as low as $85.05 and last traded at $88.59. Approximately 6,813,723 shares were traded during trading, an increase of 41% from the average session volume of 4,819,493 shares. The stock had previously closed at $90.65.

A number of other brokerages have also commented on HUT. Piper Sandler lifted their price target on shares of Hut 8 from $93.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Canaccord Genuity Group raised their target price on Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. B. Riley Financial lifted their target price on Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Monday. Northland Securities set a $120.00 price target on Hut 8 in a research report on Thursday, May 7th. Finally, Citizens Jmp increased their price target on Hut 8 from $100.00 to $140.00 and gave the company a “market outperform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $139.15.

Get Our Latest Analysis on HUT

Insider Buying and Selling

In other Hut 8 news, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the completion of the transaction, the director directly owned 262,136 shares of the company’s stock, valued at approximately $26,418,066.08. This represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Semah sold 10,000 shares of Hut 8 stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider directly owned 31,378 shares of the company’s stock, valued at approximately $3,922,250. This trade represents a 24.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,206 shares of company stock worth $11,376,242 in the last ninety days. Corporate insiders own 10.40% of the company’s stock.

Key Headlines Impacting Hut 8

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

Positive Sentiment: Analyst support remains strong: Maxim Group upgraded Hut 8 to “Strong Buy,” while Rosenblatt Securities assigned a “Buy” rating. Maxim’s bullish rating suggests some analysts view the recent weakness as an opportunity. Hut 8 Earns Buy Rating from Rosenblatt Securities
Positive Sentiment: AI infrastructure pivot provides a potential growth catalyst: Investors have shown interest in Hut 8’s move toward AI data-center infrastructure, which could diversify the company beyond cryptocurrency mining and support longer-term revenue growth. Why Hut 8 Is Up After Pivoting Toward AI Data Center Infrastructure
Neutral Sentiment: Options activity indicates elevated trading interest: Traders purchased a high volume of Hut 8 call options, reflecting bullish speculation but also highlighting the stock’s volatility rather than a fundamental improvement in results. Stock Traders Purchase High Volume of Call Options on Hut 8
Negative Sentiment: The latest earnings miss weighed on the stock: Hut 8 reported a quarterly loss of $1.27 per share versus the $0.55 loss analysts expected, while revenue of $72.66 million also fell short of the $79.37 million consensus. The results reinforced concerns about near-term profitability. Hut 8 Trading Down After Earnings Miss
Negative Sentiment: Forecast revisions point to deeper losses: Northland Securities cut its 2026 EPS forecast to a $3.37 loss from a $0.68 loss, reducing quarterly estimates as well. Maxim Group likewise projects substantial losses through 2027 and 2028, including a $15.13 loss per share for 2027 and a $28.33 loss for 2028.
Negative Sentiment: Price-target reductions add pressure: Needham lowered its target to $138, and Keefe, Bruyette & Woods reduced its target to $154. Although both targets imply significant upside and KBW maintained an “Outperform” rating, the cuts signal reduced near-term expectations. Needham Lowers Hut 8 Price Target

Institutional Investors Weigh In On Hut 8

Several hedge funds have recently bought and sold shares of HUT. Arlington Trust Co LLC lifted its position in Hut 8 by 175.0% in the second quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of Hut 8 in the fourth quarter worth $38,000. Russell Investments Group Ltd. increased its stake in shares of Hut 8 by 235.8% in the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after buying an additional 1,719 shares during the period. Harbor Investment Advisory LLC purchased a new stake in Hut 8 during the 1st quarter valued at $47,000. Finally, Activest Wealth Management bought a new stake in Hut 8 in the 4th quarter worth $49,000. 31.75% of the stock is currently owned by institutional investors.

Hut 8 Stock Performance

The business’s fifty day simple moving average is $110.57 and its 200-day simple moving average is $82.09. The firm has a market cap of $10.92 billion, a P/E ratio of -16.26 and a beta of 4.64. The company has a current ratio of 19.35, a quick ratio of 0.86 and a debt-to-equity ratio of 4.22.

Hut 8 (NASDAQ:HUT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.The company had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $79.37 million. During the same quarter in the previous year, the company earned $1.18 EPS. As a group, sell-side analysts expect that Hut 8 Corp. will post -2.16 earnings per share for the current year.

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.