Hut 8 (NASDAQ:HUT) Shares Down 4.4% – Should You Sell?

Posted by George Bondi on Sep 17th, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report)’s stock price fell 4.4% during trading on Tuesday . The stock traded as low as $85.71 and last traded at $87.09. 3,810,933 shares traded hands during trading, a decline of 21% from the average session volume of 4,820,905 shares. The stock had previously closed at $91.13.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUT. Needham & Company LLC cut their price target on Hut 8 from $145.00 to $138.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Morgan Stanley started coverage on Hut 8 in a report on Thursday, July 23rd. They set an “overweight” rating and a $263.00 price target on the stock. Weiss Ratings cut shares of Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Freedom Broker raised shares of Hut 8 to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, Benchmark increased their target price on shares of Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $146.40.

Check Out Our Latest Stock Analysis on HUT

Hut 8 Price Performance

The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35. The company’s 50 day moving average price is $93.40 and its 200-day moving average price is $88.46. The company has a market cap of $11.32 billion, a price-to-earnings ratio of -16.88 and a beta of 4.51.

Hut 8 (NASDAQ:HUT – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The business had revenue of $74.93 million for the quarter, compared to analyst estimates of $79.37 million. Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. During the same period in the prior year, the company earned $1.18 earnings per share. On average, equities research analysts forecast that Hut 8 Corp. will post -2.85 earnings per share for the current fiscal year.

Insider Activity at Hut 8

In other news, CFO Sean Glennan sold 6,445 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $78.76, for a total transaction of $507,608.20. Following the completion of the sale, the chief financial officer owned 17,978 shares in the company, valued at approximately $1,415,947.28. This represents a 26.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Van Hulzen Asset Management LLC purchased a new stake in shares of Hut 8 during the second quarter valued at $225,000. WINTON GROUP Ltd purchased a new position in Hut 8 in the 2nd quarter worth about $8,162,000. Engineers Gate Manager LP acquired a new stake in Hut 8 during the 2nd quarter worth about $275,000. Steamboat Capital Partners LLC acquired a new stake in Hut 8 during the 2nd quarter worth about $7,298,000. Finally, Allworth Financial LP lifted its stake in Hut 8 by 18.5% during the second quarter. Allworth Financial LP now owns 1,364 shares of the company’s stock valued at $157,000 after buying an additional 213 shares in the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

About Hut 8

(Get Free Report)

Hut 8 Corp. (NASDAQ:HUT) is a North American energy infrastructure and digital asset mining company. The company develops and operates data centers, power-generation resources and other infrastructure that support energy-intensive computing applications, including Bitcoin mining.

Hut 8 also provides services related to digital asset mining and data center operations, while pursuing opportunities in high-performance computing and artificial intelligence infrastructure. Its business is supported by a portfolio of power and data center sites in the United States and Canada.

The company was formed through the combination of Canadian Bitcoin miner Hut 8 Mining Corp.