Research Analysts Set Expectations for Hut 8 FY2026 Earnings

Hut 8 Corp. (NASDAQ:HUT) – Stock analysts at Northland Securities boosted their FY2026 EPS estimates for Hut 8 in a research note issued on Wednesday, November 4th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings per share of ($0.07) for the year, up from their previous forecast of ($2.36). The consensus estimate for Hut 8’s current full-year earnings is ($1.33) per share. Northland Securities also issued estimates for Hut 8’s Q4 2026 earnings at ($0.95) EPS.

Several other analysts have also recently commented on the stock. Needham & Company LLC decreased their price target on shares of Hut 8 from $138.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Rosenblatt Securities cut their price objective on Hut 8 from $124.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Benchmark raised their price objective on Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. UBS Group reaffirmed a “buy” rating on shares of Hut 8 in a report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods decreased their target price on Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $134.05.

Hut 8 Stock Down 0.4%

HUT opened at $56.77 on Monday. The company has a quick ratio of 9.48, a current ratio of 9.48 and a debt-to-equity ratio of 3.84. The company has a fifty day moving average of $80.05 and a 200 day moving average of $82.18. Hut 8 has a fifty-two week low of $31.67 and a fifty-two week high of $140.80.

Hut 8 (NASDAQ:HUT) last issued its earnings results on Wednesday, November 4th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $1.70. Hut 8 had a negative net margin of 169.76% and a negative return on equity of 9.68%. The firm had revenue of $71.07 million during the quarter, compared to analyst estimates of $75.78 million.

Insider Buying and Selling

In other news, Director Mayo Shattuck, III sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $100.00, for a total value of $2,000,000.00. Following the completion of the sale, the director directly owned 89,408 shares of the company’s stock, valued at $8,940,800. This trade represents a 18.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sean Glennan sold 6,445 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $78.76, for a total value of $507,608.20. Following the completion of the sale, the chief financial officer directly owned 17,978 shares of the company’s stock, valued at $1,415,947.28. The trade was a 26.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Hut 8

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Hut 8 during the second quarter worth $1,093,294,000. Avala Global LP purchased a new stake in shares of Hut 8 in the second quarter valued at $144,602,000. Voya Investment Management LLC raised its stake in shares of Hut 8 by 424.9% in the third quarter. Voya Investment Management LLC now owns 929,317 shares of the company’s stock valued at $80,014,000 after acquiring an additional 752,275 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Hut 8 in the second quarter valued at $97,949,000. Finally, Montanova Capital LLC bought a new stake in shares of Hut 8 in the 2nd quarter worth about $77,348,000. 31.75% of the stock is currently owned by institutional investors.

Key Stories Impacting Hut 8

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

• Positive Sentiment: A report says Hut 8’s AI pipeline has reached $26.6 billion and that the stock rebounded 15% after an earnings-related decline. The pipeline may bolster the company’s growth story, though it should not be treated as booked revenue. Article: Hut 8 stock rebounds as AI pipeline hits $26.6 billion
• Positive Sentiment: Northland Securities raised its earnings estimates for Hut 8, a potentially supportive signal for expectations. Article: Northland Securities boosts earnings estimates for Hut 8
• Neutral Sentiment: Bitcoin mining difficulty may fall 6.4% at the next adjustment. Lower difficulty can improve mining economics for operating miners, but the article suggests miner shutdowns may be behind the change, leaving the implications uncertain. Article: Bitcoin mining difficulty is set for a possible drop
• Neutral Sentiment: Jefferies lowered its price target from $90 to $81 but maintained a Buy rating. The target reduction is a cautionary signal, while the retained rating indicates continued optimism.
• Neutral Sentiment: Morgan Stanley cut its target from $275 to $184 but kept its Overweight rating, similarly combining a lower valuation with a positive recommendation.
• Neutral Sentiment: A short-interest report lists zero shares short and zero days to cover, which does not indicate meaningful short-squeeze potential; the report’s description of a large increase appears inconsistent with those figures.

About Hut 8

Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads. The company’s services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.