Bit Digital (NASDAQ:BTBT) Stock Moved Up to “Sell” by Wall Street Zen

Posted by Brenda Bartman on Nov 14th, 2026

Bit Digital (NASDAQ:BTBT – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts have also issued reports on BTBT. UBS Group upgraded shares of Bit Digital to a “buy” rating in a research note on Monday, September 28th. HC Wainwright cut their price target on shares of Bit Digital from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday. JonesTrading raised shares of Bit Digital to a “strong-buy” rating in a research report on Saturday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bit Digital in a research note on Wednesday. Finally, Zacks Research raised shares of Bit Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bit Digital currently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Get Our Latest Stock Report on Bit Digital

Bit Digital Stock Down 13.6%

BTBT stock opened at $0.66 on Friday. The firm has a market capitalization of $238.70 million, a PE ratio of -0.46 and a beta of 3.54. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.69. Bit Digital has a twelve month low of $0.66 and a twelve month high of $2.55. The stock’s 50 day moving average is $1.25 and its 200-day moving average is $1.56.

Bit Digital (NASDAQ:BTBT – Get Free Report) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $27.07 million during the quarter, compared to analyst estimates of $32.21 million. Bit Digital had a negative return on equity of 6.90% and a negative net margin of 346.39%. Sell-side analysts expect that Bit Digital will post -0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Bit Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its position in shares of Bit Digital by 2,339.8% during the third quarter. Global Retirement Partners LLC now owns 30,253 shares of the company’s stock valued at $49,000 after buying an additional 29,013 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Bit Digital in the third quarter valued at approximately $366,000. Allspring Global Investments Holdings LLC boosted its position in shares of Bit Digital by 10.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,825,810 shares of the company’s stock valued at $14,298,000 after acquiring an additional 838,265 shares during the period. J. Derek Lewis & Associates Inc. boosted its position in shares of Bit Digital by 55.3% in the third quarter. J. Derek Lewis & Associates Inc. now owns 379,000 shares of the company’s stock valued at $618,000 after acquiring an additional 135,000 shares during the period. Finally, Compass Financial Management LLC purchased a new position in Bit Digital during the third quarter valued at approximately $1,632,000. 47.70% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Bit Digital

These are some of the BTBT headlines that stood out recently:

Positive Sentiment: The company highlighted an $865 million, 10-year NC-1 contract and said 40 megawatts had begun billing, supporting its AI/HPC infrastructure expansion. Article: Bit Digital Contract and Billing Update
Neutral Sentiment: Management described a faster shift in revenue mix toward AI infrastructure and Ethereum strategies; it is also considering shareholder-approved buybacks. Article: Bit Digital Earnings Call Highlights
Negative Sentiment: Revenue was $27.07 million, below the $32.21 million analyst estimate, and reports said it fell 11% year over year. Coverage also flagged a decline in mining activity, tempering the earnings beat. Article: Revenue Decline Despite Earnings Beat

About Bit Digital

(Get Free Report)

Bit Digital, Inc. is a digital-asset and infrastructure company whose activities include Bitcoin mining, Ethereum staking and computing services for artificial intelligence workloads. Its operations have expanded beyond cryptocurrency mining as it develops data-center capacity and related infrastructure for high-performance computing. The company has conducted Bitcoin mining operations in North America and participates in Ethereum staking, which involves supporting the network and earning rewards for validating transactions.