Hut 8 (NASDAQ:HUT) Upgraded to “Strong-Buy” at Maxim Group

Maxim Group upgraded shares of Hut 8 (NASDAQ:HUT) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on HUT. Loop Capital set a $226.00 target price on Hut 8 in a report on Monday, June 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $124.00 price target on shares of Hut 8 in a report on Wednesday. BTIG Research boosted their target price on shares of Hut 8 from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Wall Street Zen cut shares of Hut 8 from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Finally, Compass Point set a $195.00 price target on Hut 8 in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Hut 8 presently has an average rating of “Buy” and an average target price of $138.50.

Hut 8 Stock Performance

Shares of NASDAQ HUT opened at $92.76 on Wednesday. The stock has a fifty day moving average price of $111.24 and a two-hundred day moving average price of $81.88. 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 firm has a market cap of $10.44 billion, a P/E ratio of -17.02 and a beta of 4.64. Hut 8 has a 1 year low of $18.68 and a 1 year high of $140.80.

Hut 8 (NASDAQ:HUT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.98%. The firm had revenue of $72.66 million for the quarter, compared to analyst estimates of $79.37 million. During the same quarter last year, the business posted $1.18 earnings per share. Research analysts forecast that Hut 8 will post -2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hut 8 news, Director Amy Marie Wilkinson sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 in the company, valued at approximately $26,418,066.08. This trade represents a 7.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Flinn sold 7,719 shares of Hut 8 stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $117.91, for a total value of $910,147.29. Following the transaction, the director directly owned 10,519 shares in the company, valued at approximately $1,240,295.29. This trade represents a 42.32% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 102,206 shares of company stock valued at $11,376,242 in the last 90 days. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Hut 8

A number of hedge funds have recently modified their holdings of HUT. CoreCap Advisors LLC raised its position in Hut 8 by 42.1% in the 2nd quarter. CoreCap Advisors LLC now owns 540 shares of the company’s stock worth $62,000 after purchasing an additional 160 shares during the last quarter. Arlington Trust Co LLC boosted its position in Hut 8 by 175.0% in the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Hut 8 by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $122,000 after buying an additional 274 shares during the period. CWM LLC increased its stake in shares of Hut 8 by 37.4% in the 4th quarter. CWM LLC now owns 1,106 shares of the company’s stock valued at $51,000 after buying an additional 301 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hut 8 by 1.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,685 shares of the company’s stock worth $996,000 after acquiring an additional 362 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Hut 8

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

• Positive Sentiment: Maxim Group upgraded Hut 8 to “strong buy,” adding fresh analyst support for the stock. Zacks.com
• Positive Sentiment: Traders purchased an unusually high volume of HUT call options, suggesting increased bullish positioning and expectations for a rebound. Stock Traders Purchase High Volume of Call Options on Hut 8
• Positive Sentiment: Hut 8’s strategic shift toward power infrastructure and AI data centers remains a potential long-term catalyst. The company highlighted an 8.7-gigawatt development pipeline, while reported adjusted EBITDA and gross margins improved. It also secured substantial non-recourse project financing, potentially allowing expansion without significant equity dilution. Hut 8 Q2 2026: Buy The Transition Before It Shows In Earnings
• Neutral Sentiment: Rosenblatt Securities reaffirmed its “buy” rating with a $124 price target, while Needham maintained a “buy” rating but lowered its target from $145 to $138. The continued bullish ratings are supportive, though the target reduction reflects some near-term caution. Analyst Ratings via Benzinga
• Negative Sentiment: Second-quarter earnings disappointed investors: Hut 8 reported a larger-than-expected loss and revenue below analyst estimates. The weak results, ongoing GAAP losses and bitcoin-related mark-to-market volatility triggered selling pressure. Hut 8 Stock Price Down on Disappointing Earnings

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.