Hut 8 (NASDAQ:HUT) Stock Price Down 7.8% – Time to Sell?

Posted by George Bondi on Jun 6th, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report)’s share price dropped 7.8% during mid-day trading on Thursday . The stock traded as low as $121.44 and last traded at $121.0810. Approximately 1,013,991 shares changed hands during trading, a decline of 79% from the average daily volume of 4,941,530 shares. The stock had previously closed at $131.29.

Analyst Upgrades and Downgrades

HUT has been the subject of several recent research reports. Piper Sandler upped their price target on Hut 8 from $93.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup reiterated an “outperform” rating on shares of Hut 8 in a report on Tuesday, April 28th. Cantor Fitzgerald upped their price target on Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. B. Riley Financial upped their price target on Hut 8 from $76.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, HC Wainwright reiterated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a report on Thursday, February 26th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.72.

Get Our Latest Stock Report on HUT

Hut 8 Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $86.14 and a 200 day moving average price of $62.88. The stock has a market cap of $12.64 billion, a PE ratio of -37.41 and a beta of 4.61.

Hut 8 (NASDAQ:HUT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). The company had revenue of $139.31 million for the quarter, compared to analysts’ expectations of $78.53 million. Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%. As a group, research analysts forecast that Hut 8 Corp. will post -1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 262,136 shares in the company, valued at approximately $26,418,066.08. This represents a 7.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor Semah sold 10,518 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $76.83, for a total value of $808,097.94. Following the transaction, the insider owned 41,378 shares in the company, valued at $3,179,071.74. This trade represents a 20.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 74,628 shares of company stock worth $6,976,321. 10.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hut 8

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Hut 8 during the 4th quarter valued at about $30,000. Imprint Wealth LLC bought a new position in shares of Hut 8 during the 4th quarter valued at about $38,000. Harbor Investment Advisory LLC bought a new position in shares of Hut 8 during the 1st quarter valued at about $47,000. Activest Wealth Management bought a new position in shares of Hut 8 during the 4th quarter valued at about $49,000. Finally, Danske Bank A S bought a new position in shares of Hut 8 during the 4th quarter valued at about $51,000. 31.75% of the stock is currently owned by institutional investors.

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.