Hut 8 (NASDAQ:HUT) Earns “Buy” Rating from Rosenblatt Securities

Hut 8 (NASDAQ:HUT)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $124.00 price target on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 12.87% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Loop Capital set a $226.00 price objective on shares of Hut 8 in a research report on Monday, June 22nd. Piper Sandler lifted their target price on shares of Hut 8 from $93.00 to $127.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Northland Securities set a $120.00 price target on shares of Hut 8 in a research report on Thursday, May 7th. Jefferies Financial Group started coverage on shares of Hut 8 in a report on Thursday, May 14th. They issued a “buy” rating and a $156.00 price objective for the company. Finally, Weiss Ratings cut Hut 8 from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Seventeen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.26.

Hut 8 Price Performance

HUT stock opened at $109.86 on Tuesday. The firm’s 50-day moving average price is $111.28 and its two-hundred day moving average price is $78.63. Hut 8 has a 12-month low of $18.68 and a 12-month high of $140.80. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of -36.62 and a beta of 4.62. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12.

Hut 8 (NASDAQ:HUT) last posted its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.The firm had revenue of $139.31 million for the quarter, compared to analysts’ expectations of $78.53 million. As a group, equities analysts predict that Hut 8 will post -1.29 earnings per share for the current year.

Insider Buying and Selling at Hut 8

In related news, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the transaction, the director directly owned 262,136 shares in the company, valued at $26,418,066.08. This trade represents a 7.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $910,147.29. Following the transaction, the director directly owned 10,519 shares of the company’s stock, valued at approximately $1,240,295.29. This trade represents a 42.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 112,724 shares of company stock valued at $12,184,340 over the last 90 days. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of Hut 8

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Hut 8 by 4,669,387.4% during 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 acquiring an additional 4,062,367 shares during the period. Handelsbanken Fonder AB bought a new stake in shares of Hut 8 in the fourth quarter worth approximately $1,153,000. Steadview Capital Management LLC raised its holdings in shares of Hut 8 by 1,425.3% during the fourth quarter. Steadview Capital Management LLC now owns 431,655 shares of the company’s stock valued at $19,830,000 after purchasing an additional 403,355 shares during the last quarter. GeoSphere Capital Management LLC lifted its position in Hut 8 by 64.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 115,000 shares of the company’s stock valued at $5,283,000 after purchasing an additional 45,000 shares during the period. Finally, Thoroughbred Financial Services LLC bought a new position in Hut 8 during the fourth quarter valued at approximately $741,000. 31.75% of the stock is owned by institutional investors.

Hut 8 News Roundup

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

• Positive Sentiment: Benchmark raised its price target on Hut 8 for the second time in a week, lifting the target to $195 and keeping a buy rating, reflecting growing confidence in the company’s AI/data center strategy. Benchmark Raises Hut 8 Price Target For Second Time In A Week
• Positive Sentiment: Needham boosted its target to $145 after Hut 8 signed a second Beacon Point AI lease, signaling that analysts see more value from the company’s leasing and infrastructure buildout. Needham lifts Hut 8 target to $145 after second Beacon Point AI lease
• Positive Sentiment: Hut 8 signed a 15-year, $9.8 billion triple-net lease at its Beacon Point Texas campus, doubling contracted capacity to 704 megawatts and strengthening the investment case for its AI data center expansion. Texas Power Play: Hut 8 Sparks a $9.8B AI Infrastructure Deal
• Positive Sentiment: Recent options activity showed unusually heavy call buying in Hut 8, suggesting traders are positioning for further upside. Investors Buy Large Volume of Call Options on Hut 8 (NASDAQ:HUT)
• Neutral Sentiment: Coverage and commentary continue to highlight Hut 8’s strong returns but also note that the stock remains expensive on a sales basis, which may temper enthusiasm. Hut 8 (HUT) Stock Looks Strong On Returns Yet Expensive On Sales
• Neutral Sentiment: The CEO’s media appearance underscored the company’s view that power is the key resource for AI data centers, reinforcing the strategic rationale behind its new hyperscaler and leasing deals. Hut 8 CEO Asher Genoot: Power is the key resource allowing AI data centers to thrive
• Negative Sentiment: Some commentary still frames Hut 8 as partly dependent on a struggling bitcoin mining business, which could weigh on sentiment if the AI transition takes longer than expected. Hut 8 Stock Surges Up to 200% in 2026 as Bitcoin Mining Unit Struggles

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.