Hut 8 (NASDAQ:HUT) Stock Price Up 2.5% – Time to Buy?

Posted by George Bondi on Aug 29th, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report) was up 2.5% on Thursday . The stock traded as high as $90.24 and last traded at $87.13. Approximately 4,709,062 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 4,834,238 shares. The stock had previously closed at $85.00.

Analyst Upgrades and Downgrades

HUT has been the topic of a number of recent analyst reports. B. Riley Financial lifted their price objective on Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Needham & Company LLC decreased their target price on Hut 8 from $145.00 to $138.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $124.00 price target on shares of Hut 8 in a research note on Wednesday, August 5th. Weiss Ratings cut shares of Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Finally, Loop Capital set a $226.00 price objective on shares of Hut 8 in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $144.89.

Read Our Latest Report on Hut 8

Hut 8 Stock Down 8.8%

The company’s fifty day simple moving average is $98.87 and its 200 day simple moving average is $85.03. 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 firm has a market capitalization of $9.79 billion, a PE ratio of -14.57 and a beta of 4.64.

Hut 8 (NASDAQ:HUT – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The firm had revenue of $74.93 million for the quarter, compared to analysts’ expectations of $79.37 million. Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.During the same quarter last year, the company posted $1.18 EPS. Analysts anticipate that Hut 8 Corp. will post -2.85 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Victor Semah sold 10,000 shares of Hut 8 stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the insider directly owned 31,378 shares of the company’s stock, valued at $3,922,250. This trade represents a 24.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sean Joseph Glennan sold 6,445 shares of the business’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 sale, the chief financial officer directly owned 17,978 shares in the company, valued at $1,415,947.28. The trade was 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. In the last 90 days, insiders have sold 54,664 shares of company stock worth $6,212,160. Corporate insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Hut 8

Several large investors have recently made changes to their positions in HUT. Amundi grew its stake in shares of Hut 8 by 383.1% in the 2nd quarter. Amundi now owns 39,551 shares of the company’s stock worth $4,566,000 after buying an additional 31,364 shares during the last quarter. HighTower Advisors LLC raised its stake in Hut 8 by 183.6% during the second quarter. HighTower Advisors LLC now owns 13,793 shares of the company’s stock valued at $1,592,000 after buying an additional 8,930 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Hut 8 during the second quarter valued at $2,124,000. California State Teachers Retirement System boosted its holdings in Hut 8 by 11,436.2% in the second quarter. California State Teachers Retirement System now owns 13,256,088 shares of the company’s stock worth $1,530,349,000 after acquiring an additional 13,141,179 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new stake in Hut 8 in the second quarter worth $248,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

About Hut 8

(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.