Hut 8 (NASDAQ:HUT) Stock Price Up 3.6% – Still a Buy?

Posted by Francis Steltz on Aug 13th, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report)’s share price rose 3.6% on Tuesday . The stock traded as high as $93.99 and last traded at $88.78. 3,431,384 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 4,801,732 shares. The stock had previously closed at $85.66.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Hut 8 from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Wall Street Zen lowered Hut 8 from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Jefferies Financial Group initiated coverage on Hut 8 in a report on Thursday, May 14th. They set a “buy” rating and a $156.00 price target for the company. Northland Securities set a $120.00 price objective on Hut 8 in a report on Thursday, May 7th. Finally, Compass Point set a $195.00 price objective on Hut 8 in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $144.89.

Get Our Latest Stock Analysis on HUT

Hut 8 Price Performance

The company has a quick ratio of 19.35, a current ratio of 19.35 and a debt-to-equity ratio of 4.22. The company’s fifty day moving average price is $107.22 and its 200 day moving average price is $82.95. The company has a market capitalization of $10.25 billion, a P/E ratio of -15.32 and a beta of 4.64.

Hut 8 (NASDAQ:HUT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. 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 net margin of 188.59% and a negative return on equity of 0.97%. The company had revenue of $72.66 million during the quarter, compared to the consensus estimate of $79.37 million. During the same quarter last year, the firm posted $1.18 earnings per share. As a group, sell-side analysts forecast that Hut 8 Corp. will post -2.85 EPS for the current year.

Insider Transactions at Hut 8

In related news, Director Joseph Flinn sold 7,719 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $117.91, for a total transaction of $910,147.29. Following the completion of the sale, the director owned 10,519 shares of the company’s stock, valued at $1,240,295.29. This represents a 42.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the sale, the insider owned 31,378 shares in the company, valued at $3,922,250. The trade was a 24.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 68,219 shares of company stock valued at $7,720,152. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of Hut 8

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Hut 8 during the 2nd quarter worth $1,093,294,000. Northwestern Mutual Wealth Management Co. grew its position in Hut 8 by 4,669,387.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock valued at $186,629,000 after acquiring an additional 4,062,367 shares during the last quarter. SRS Investment Management LLC acquired a new position in Hut 8 during the fourth quarter worth about $131,838,000. Sachem Head Capital Management LP acquired a new position in Hut 8 during the fourth quarter worth about $129,780,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Hut 8 by 1,043.0% in the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock worth $46,255,000 after acquiring an additional 2,269,237 shares during the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

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.