Keefe, Bruyette & Woods Has Lowered Expectations for Hut 8 (NASDAQ:HUT) Stock Price

Hut 8 (NASDAQ:HUT) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $157.00 to $154.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 73.83% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Piper Sandler increased their target price on Hut 8 from $93.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded Hut 8 from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Benchmark upped their price objective on Hut 8 from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Citigroup reiterated an “outperform” rating on shares of Hut 8 in a report on Tuesday, April 28th. Finally, Needham & Company LLC cut their target price on Hut 8 from $145.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $139.15.

Hut 8 Stock Down 2.3%

Shares of Hut 8 stock opened at $88.59 on Thursday. The company has a quick ratio of 0.86, a current ratio of 19.35 and a debt-to-equity ratio of 4.22. Hut 8 has a 52-week low of $18.68 and a 52-week high of $140.80. The company has a market capitalization of $10.92 billion, a P/E ratio of -16.26 and a beta of 4.64. The company has a 50 day moving average of $109.85 and a 200 day moving average of $82.14.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. The firm had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $79.37 million. During the same period in the prior year, the company posted $1.18 earnings per share. As a group, research analysts forecast that Hut 8 will post -3.05 EPS for the current fiscal year.

Insider Activity at Hut 8

In related news, insider Victor Semah sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider directly owned 31,378 shares of the company’s stock, valued at $3,922,250. The trade was a 24.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Flinn sold 7,719 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was 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. The trade was 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 102,206 shares of company stock valued at $11,376,242 in the last ninety days. 10.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hut 8

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arlington Trust Co LLC boosted its holdings in shares of Hut 8 by 175.0% in the second quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Hut 8 by 42.1% in the 2nd quarter. CoreCap Advisors LLC now owns 540 shares of the company’s stock valued at $62,000 after acquiring an additional 160 shares during the period. Imprint Wealth LLC purchased a new stake in Hut 8 in the 4th quarter valued at $38,000. Harbor Investment Advisory LLC purchased a new stake in Hut 8 in the 1st quarter valued at $47,000. Finally, Meeder Asset Management Inc. acquired a new stake in Hut 8 during the 2nd quarter worth $119,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Key Stories Impacting Hut 8

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

• Positive Sentiment: Analyst support remains strong. Maxim Group upgraded Hut 8 to “Strong-Buy,” while Rosenblatt Securities issued a “Buy” rating. Maxim’s bullish stance provides some support despite near-term losses. Hut 8 Earns Buy Rating from Rosenblatt Securities
• Positive Sentiment: AI infrastructure pivot is attracting investor interest. Recent coverage highlights Hut 8’s move toward AI data-center infrastructure, a strategy that could diversify the company beyond cryptocurrency mining and create higher-growth revenue opportunities. Why Hut 8 Is Up After Pivoting Toward AI Data Center Infrastructure
• Neutral Sentiment: Price targets still imply substantial upside. Keefe, Bruyette & Woods lowered its target to $154 from $157 but maintained an “Outperform” rating. Needham also reduced its target to $138, signaling less optimism than before but continued potential upside. Needham Lowers Hut 8 Price Target
• Negative Sentiment: Quarterly results missed expectations. Hut 8 reported a loss of $1.27 per share versus the expected $0.55 loss, while revenue of $72.66 million fell short of the $79.37 million consensus estimate. The earnings miss has pressured the stock. Hut 8 Trading Down After Earnings Miss
• Negative Sentiment: Profit forecasts were cut significantly. Northland Securities reduced its 2026 EPS estimate to a $3.37 loss from a $0.68 loss, including deeper projected losses in the third and fourth quarters. Maxim also forecasts substantial losses through 2028, including a $15.13 loss per share in 2027 and a $28.33 loss in 2028.

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.