HC Wainwright Analysts Lower Earnings Estimates for Hut 8

Hut 8 Corp. (NASDAQ:HUT) – Research analysts at HC Wainwright cut their Q1 2025 earnings per share estimates for Hut 8 in a research report issued to clients and investors on Tuesday, March 4th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of ($0.20) for the quarter, down from their previous forecast of ($0.13). HC Wainwright currently has a “Buy” rating and a $30.00 target price on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.53) per share. HC Wainwright also issued estimates for Hut 8’s Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.50) EPS.

Several other brokerages also recently commented on HUT. Keefe, Bruyette & Woods began coverage on Hut 8 in a research report on Wednesday, January 8th. They issued an “outperform” rating on the stock. Piper Sandler began coverage on Hut 8 in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $33.00 price target for the company. Benchmark reaffirmed a “buy” rating and set a $41.00 price objective on shares of Hut 8 in a report on Tuesday, January 7th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 target price on shares of Hut 8 in a research report on Tuesday, January 7th. Finally, Craig Hallum lifted their price target on shares of Hut 8 from $15.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $31.38.

Hut 8 Price Performance

Shares of HUT stock opened at $14.92 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00. The company’s fifty day moving average price is $21.21 and its 200-day moving average price is $18.72. Hut 8 has a one year low of $6.77 and a one year high of $31.95.

Institutional Trading of Hut 8

Several institutional investors and hedge funds have recently made changes to their positions in the company. JAT Capital Mgmt LP purchased a new position in Hut 8 during the 3rd quarter valued at about $32,260,000. Jericho Capital Asset Management L.P. bought a new position in Hut 8 in the fourth quarter worth approximately $37,400,000. D. E. Shaw & Co. Inc. purchased a new stake in Hut 8 during the fourth quarter worth $27,115,000. Voloridge Investment Management LLC purchased a new position in shares of Hut 8 in the 4th quarter valued at $24,170,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Hut 8 in the fourth quarter valued at about $23,009,000. 31.75% of the stock is currently owned by institutional investors.

Hut 8 Company Profile

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.