Keefe, Bruyette & Woods Issues Positive Forecast for Hut 8 (NASDAQ:HUT) Stock Price

Hut 8 (NASDAQ:HUT) had its price objective increased by equities research analysts at Keefe, Bruyette & Woods from $138.00 to $157.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 58.06% from the company’s current price.

HUT has been the subject of a number of other research reports. Cantor Fitzgerald boosted their price objective on Hut 8 from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. B. Riley Financial lifted their price objective on shares of Hut 8 from $76.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Jefferies Financial Group initiated coverage on shares of Hut 8 in a research note on Thursday, May 14th. They set a “buy” rating and a $156.00 price target for the company. Canaccord Genuity Group raised their price objective on Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Benchmark increased their price target on Hut 8 from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hut 8 has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Hut 8 Trading Down 5.0%

NASDAQ:HUT traded down $5.26 during midday trading on Tuesday, reaching $99.33. 3,415,344 shares of the stock traded hands, compared to its average volume of 4,787,505. The stock has a market capitalization of $11.18 billion, a P/E ratio of -33.29 and a beta of 4.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.86. The company has a fifty day moving average of $111.76 and a 200 day moving average of $79.78. Hut 8 has a 12 month low of $18.68 and a 12 month high of $140.80.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. The firm had revenue of $139.31 million during the quarter, compared to analysts’ expectations of $78.53 million. On average, research analysts predict that Hut 8 will post -2.12 EPS for the current year.

Insider Activity at Hut 8

In other news, Director Rick Rickertsen sold 17,491 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the completion of the sale, the director owned 17,491 shares in the company, valued at approximately $1,924,010. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy Marie Wilkinson sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the completion of the sale, the director directly owned 262,136 shares of the company’s stock, valued at $26,418,066.08. The trade was a 7.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 112,724 shares of company stock worth $12,184,340 over the last 90 days. 10.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Hut 8

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Hut 8 by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 7,978,357 shares of the company’s stock worth $366,526,000 after buying an additional 250,320 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Hut 8 by 4,669,387.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock valued at $186,629,000 after purchasing an additional 4,062,367 shares in the last quarter. Ameriprise Financial Inc. increased its position in Hut 8 by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock worth $104,133,000 after purchasing an additional 504,652 shares during the period. SRS Investment Management LLC purchased a new position in shares of Hut 8 during the 4th quarter worth approximately $131,838,000. Finally, Sachem Head Capital Management LP acquired a new stake in shares of Hut 8 in the 4th quarter valued at approximately $129,780,000. 31.75% of the stock is owned by institutional investors and hedge funds.

Key Hut 8 News

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

• Positive Sentiment: A broader rally in cryptocurrency and AI-infrastructure stocks helped leveraged ETFs post strong gains last week, providing a favorable industry backdrop for Hut 8’s mining and data-center businesses. However, the report does not identify a company-specific catalyst. 5 Best-Performing Leveraged ETFs of Last Week
• Neutral Sentiment: An article highlighting artificial-intelligence stocks to follow may support continued investor interest in the AI-infrastructure theme, but it provides no specific update on Hut 8’s operations, financial outlook or valuation. Artificial Intelligence Stocks To Follow Now – July 24th
• Negative Sentiment: Zacks expects Hut 8’s second-quarter earnings to decline and says the company lacks the two key factors that typically support an earnings beat, raising the risk of a miss or cautious outlook in the upcoming report. Earnings Preview: Hut 8 (HUT) Q2 Earnings Expected to Decline
• Negative Sentiment: Maxim Group’s forecasts point to continued losses: $(0.53) per share for Q2 2026, $(1.43) for Q3, $(1.36) for Q4 and $(3.69) for full-year 2026. Its estimates become substantially more negative for 2027 and 2028, including a $(14.81) loss in 2027 and $(28.97) loss in 2028. These projections contrast with the current full-year consensus loss of $(2.12) and may weigh on sentiment by highlighting ongoing profitability concerns.

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.