Weekly Investment Analysts’ Ratings Updates for Hut 8 (HUT)

A number of firms have modified their ratings and price targets on shares of Hut 8 (NASDAQ: HUT) recently:

• 3/7/2025 – Hut 8 had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $30.00 price target on the stock.
• 3/7/2025 – Hut 8 is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $23.00 price target on the stock.
• 3/4/2025 – Hut 8 had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $32.00 price target on the stock.
• 3/4/2025 – Hut 8 had its price target lowered by analysts at HC Wainwright from $35.00 to $30.00. They now have a “buy” rating on the stock.
• 3/4/2025 – Hut 8 had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $30.00 price target on the stock.

Hut 8 Price Performance

NASDAQ:HUT opened at $12.93 on Thursday. Hut 8 Corp. has a 12-month low of $6.95 and a 12-month high of $31.95. 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 stock’s fifty day simple moving average is $19.11 and its 200-day simple moving average is $18.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in Hut 8 by 77.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 545 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Hut 8 by 7.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,475 shares of the company’s stock valued at $174,000 after purchasing an additional 618 shares during the period. Arizona State Retirement System raised its stake in shares of Hut 8 by 2.8% in the 4th quarter. Arizona State Retirement System now owns 23,764 shares of the company’s stock valued at $487,000 after purchasing an additional 637 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Hut 8 by 1.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 50,687 shares of the company’s stock valued at $1,039,000 after purchasing an additional 932 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Hut 8 in the 4th quarter valued at about $26,000. 31.75% of the stock is currently owned by institutional investors.

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.