Hut 8 (NASDAQ:HUT) Price Target Raised to $127.00

Hut 8 (NASDAQ:HUT) had its target price hoisted by Piper Sandler from $93.00 to $127.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Roth Mkm restated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a report on Tuesday, January 27th. Cantor Fitzgerald lifted their price objective on shares of Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their target price on shares of Hut 8 from $55.00 to $75.00 and gave the company a “moderate buy” rating in a research note on Tuesday, January 27th. B. Riley Financial increased their target price on Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 9th. Finally, Arete Research assumed coverage on Hut 8 in a research report on Monday, March 23rd. They issued a “buy” rating and a $136.00 target price for the company. Sixteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.94.

Hut 8 Price Performance

HUT stock opened at $98.46 on Wednesday. Hut 8 has a one year low of $13.48 and a one year high of $111.33. The firm has a 50-day moving average of $60.68 and a two-hundred day moving average of $53.27. The firm has a market capitalization of $11.09 billion, a PE ratio of -32.82 and a beta of 4.48. The company has a current ratio of 0.86, a quick ratio of 1.09 and a debt-to-equity ratio of 0.12.

Insider Activity at Hut 8

In other Hut 8 news, insider Victor Semah sold 10,518 shares of the company’s stock in a transaction that occurred on 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 approximately $3,179,071.74. This represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CFO Sean Joseph Glennan sold 4,625 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total transaction of $226,856.25. Following the completion of the sale, the chief financial officer owned 12,068 shares of the company’s stock, valued at approximately $591,935.40. The trade was a 27.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 20,641 shares of company stock valued at $1,304,631. 11.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hut 8

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

Hut 8 News Roundup

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Hut 8 signed a major Texas data center lease, including a reported $9.8 billion campus agreement and a separate 352MW lease with an investment-grade tenant, underscoring strong demand for its AI infrastructure strategy. Hut 8 signs 352MW data center lease in Texas with investment grade tenant
• Positive Sentiment: Canaccord Genuity, Rosenblatt, Citizens JMP, Needham, and Piper Sandler all raised price targets and kept bullish ratings, signaling growing confidence in Hut 8’s transition from crypto mining to AI data infrastructure. Analyst price target updates
• Positive Sentiment: Management highlighted accelerating demand and defended the company’s crypto-to-AI power story, which may be helping support investor sentiment after recent skepticism. Hut 8 CEO: Investor skepticism on crypto to AI power story is over
• Positive Sentiment: Recent earnings-related coverage noted revenue more than tripled year over year, helping explain the stock’s strong upward momentum and renewed enthusiasm around execution. Hut 8 revenues more-than-triple, shares hit all-time high
• Neutral Sentiment: Hut 8 also outlined its capital intensity for AI buildouts and targeted initial data hall delivery in Q2 2027, which shows a long runway but also reminds investors the expansion will take time. Hut 8 outlines capex and delivery timeline
• Negative Sentiment: Some traders took profits after the stock’s sharp prior-day surge, with coverage noting the shares were lower following a very large move higher earlier in the week. Why Is Hut 8 Stock Falling On Thursday?

Hut 8 Company Profile

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.