Benchmark Issues Positive Forecast for Hut 8 (NASDAQ:HUT) Stock Price

Hut 8 (NASDAQ:HUT) had its price objective boosted by equities research analysts at Benchmark from $165.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective would indicate a potential upside of 75.33% from the stock’s previous close.

Several other equities analysts have also issued reports on HUT. BTIG Research boosted their target price on Hut 8 from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Citizens Jmp boosted their price objective on shares of Hut 8 from $100.00 to $140.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $124.00 target price on shares of Hut 8 in a research note on Tuesday. Northland Securities set a $120.00 target price on shares of Hut 8 in a report on Thursday, May 7th. Finally, Jefferies Financial Group began coverage on shares of Hut 8 in a research report on Thursday, May 14th. They set a “buy” rating and a $156.00 price target on the stock. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.26.

Hut 8 Trading Up 2.1%

Shares of Hut 8 stock traded up $2.24 on Wednesday, hitting $111.22. 1,593,178 shares of the company’s stock traded hands, compared to its average volume of 4,793,468. The firm’s 50-day moving average price is $111.24 and its two-hundred day moving average price is $78.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $12.52 billion, a PE ratio of -37.06 and a beta of 4.62. Hut 8 has a one year low of $18.68 and a one year high of $140.80.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($1.65). The company had revenue of $139.31 million during the quarter, compared to the consensus estimate of $78.53 million. Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%. On average, research analysts expect that Hut 8 will post -1.29 EPS for the current fiscal year.

Insider Activity at Hut 8

In other news, Director Rick Rickertsen sold 17,491 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total value of $1,924,010.00. Following the sale, the director directly owned 17,491 shares in the company, valued at $1,924,010. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Victor Semah sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the insider directly owned 31,378 shares of the company’s stock, valued at $3,922,250. This represents a 24.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 112,724 shares of company stock valued at $12,184,340. 10.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Hut 8

Large investors have recently bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in shares of Hut 8 by 42.1% during the second quarter. CoreCap Advisors LLC now owns 540 shares of the company’s stock worth $62,000 after buying an additional 160 shares in the last quarter. Arlington Trust Co LLC raised its stake in Hut 8 by 175.0% in the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Hut 8 by 1.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,969 shares of the company’s stock valued at $734,000 after purchasing an additional 254 shares during the period. GAMMA Investing LLC grew its position in shares of Hut 8 by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock worth $122,000 after purchasing an additional 274 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Hut 8 by 37.4% during the fourth quarter. CWM LLC now owns 1,106 shares of the company’s stock worth $51,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 News Roundup

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

• Positive Sentiment: Hut 8 signed a 15-year, $9.8 billion lease at its Beacon Point Texas campus, boosting contracted capacity to 704 MW and strengthening its AI infrastructure growth story. Texas Power Play: Hut 8 Sparks a $9.8B AI Infrastructure Deal
• Positive Sentiment: Rising investor interest in Hut 8 call options suggests traders are positioning for continued upside. Investors Buy Large Volume of Call Options on Hut 8 (NASDAQ:HUT)
• Positive Sentiment: Hut 8 also benefited from bullish commentary and analyst support, including a reaffirmed buy rating and a $124 price target, reinforcing expectations that the stock could have more room to run. Benzinga report on Rosenblatt rating
• Neutral Sentiment: Media coverage highlighted that Hut 8’s stock has already risen sharply in 2026, but also noted that its bitcoin mining unit remains under pressure, underscoring the company’s transition away from pure mining toward infrastructure. Hut 8 Stock Surges Up to 200% in 2026 as Bitcoin Mining Unit Struggles
• Neutral Sentiment: Additional coverage and a CEO interview emphasized Hut 8’s strategy that power access is the key enabler for AI data centers, keeping attention on the company’s expansion plans. Hut 8 CEO Asher Genoot interview

About Hut 8

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.