Hut 8 (NASDAQ:HUT – Get Free Report) had its target price decreased by equities research analysts at Cantor Fitzgerald from $151.00 to $127.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price target suggests a potential upside of 159.50% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Rothschild & Co Redburn started coverage on shares of Hut 8 in a research report on Monday, September 21st. They set a “neutral” rating and a $96.00 price target on the stock. Wells Fargo & Company began coverage on Hut 8 in a research report on Thursday, September 17th. They set an “overweight” rating and a $175.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and issued a $124.00 price target on shares of Hut 8 in a research note on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating on shares of Hut 8 in a report on Thursday, October 8th. Finally, Morgan Stanley increased their price target on Hut 8 from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $144.00.
Check Out Our Latest Analysis on Hut 8
Hut 8 Stock Down 23.2%
Shares of HUT stock opened at $48.94 on Thursday. The stock has a 50 day moving average of $82.41 and a 200 day moving average of $82.28. The company has a current ratio of 19.35, a quick ratio of 19.35 and a debt-to-equity ratio of 4.22. Hut 8 has a twelve month low of $31.67 and a twelve month high of $140.80.
Hut 8 (NASDAQ:HUT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.27) EPS 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 $74.93 million during the quarter, compared to analysts’ expectations of $79.37 million. During the same quarter in the prior year, the company posted $1.18 EPS. On average, equities research analysts expect that Hut 8 will post -2.93 EPS for the current fiscal year.
Insider Buying and Selling at Hut 8
In related news, Director Mayo A. Shattuck III sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the director owned 89,408 shares in the company, valued at $8,940,800. This represents a 18.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sean Glennan sold 6,445 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $78.76, for a total transaction of $507,608.20. Following the transaction, the chief financial officer owned 17,978 shares of the company’s stock, valued at approximately $1,415,947.28. This trade represents a 26.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.
Hedge Funds Weigh In On Hut 8
A number of hedge funds have recently made changes to their positions in the company. GK Wealth Management LLC purchased a new position in Hut 8 in the 3rd quarter valued at $25,000. Arlington Trust Co LLC raised its holdings in Hut 8 by 175.0% in the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Heritage Family Offices LLP purchased a new position in Hut 8 in the 3rd quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its stake in Hut 8 by 258.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 380 shares of the company’s stock worth $44,000 after purchasing an additional 274 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Hut 8 in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 31.75% of the company’s stock.
Hut 8 News Roundup
Here are the key news stories impacting Hut 8 this week:
- Positive Sentiment: Hut 8 signed a second 352-megawatt lease at its Beacon Point campus. The company says the lease brings expected aggregate base-term contract value across its AI data-center portfolio to about $26.6 billion. Management expects 700 megawatts of Beacon Point capacity to be energized in Q1 2027; delivery and execution remain important milestones. Hut 8 Reports Third Quarter 2026 Results
- Positive Sentiment: The company expanded its share-repurchase authorization to $1 billion after repurchasing $250 million of stock, and closed a $1.07 billion revolving credit facility. These moves add capital flexibility and signal a commitment to shareholder returns, though authorization does not mean the full amount will be used. Hut 8 expands buyback authorization
- Positive Sentiment: Hut 8 increased energy capacity under exclusivity by 1,300 megawatts to 3,180 megawatts and reported a 7,859-megawatt development pipeline. The expansion supports its AI infrastructure ambitions, but much of the pipeline is still in development rather than operating. Hut 8 Reports Third Quarter 2026 Results
- Negative Sentiment: Q3 results fell short of estimates: Hut 8 reported a loss of $1.23 per share versus the Zacks consensus estimate of a $1.06 loss, while revenue also missed expectations. The larger loss than analysts expected may weigh on sentiment. Hut 8 Q3 earnings report
- Negative Sentiment: Hut 8 sold 3,102 bitcoin to fund $250 million in share repurchases. While the buyback returns capital, the sale reduces its Bitcoin holdings and may concern investors who prefer exposure to potential Bitcoin appreciation. Hut 8 Bitcoin sale and buyback
Hut 8 Company Profile
Hut 8 Corp. is a North American energy infrastructure and computing company whose business includes digital asset mining, high-performance computing and data center operations. The company develops and manages power and infrastructure assets intended to support energy-intensive computing applications.
Hut 8’s activities have historically centered on Bitcoin mining, supported by company-operated data centers and specialized mining equipment. It also provides infrastructure for emerging computing applications, including artificial intelligence and other high-performance computing workloads, as it seeks to expand beyond cryptocurrency mining.
The company was established in Canada and expanded its operations in the United States through its combination with U.S.
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