Hut 8 (HUT) Expected to Announce Earnings on Thursday

Hut 8 (NASDAQ:HUT) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.20) per share and revenue of $33.68 million for the quarter.

Hut 8 Stock Performance

NASDAQ HUT opened at $12.77 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00. Hut 8 has a fifty-two week low of $7.67 and a fifty-two week high of $31.95. The business has a 50 day moving average price of $12.53 and a two-hundred day moving average price of $18.98.

Analysts Set New Price Targets

HUT has been the subject of a number of recent analyst reports. UBS Group set a $33.00 price target on shares of Hut 8 in a report on Wednesday, April 2nd. Northland Securities started coverage on Hut 8 in a research note on Monday, April 21st. They set an “outperform” rating and a $20.00 target price for the company. Maxim Group assumed coverage on Hut 8 in a research report on Thursday, May 1st. They set a “buy” rating and a $20.00 target price on the stock. Rosenblatt Securities started coverage on Hut 8 in a report on Friday, March 7th. They issued a “buy” rating and a $23.00 price target for the company. Finally, Keefe, Bruyette & Woods assumed coverage on Hut 8 in a research note on Wednesday, January 8th. They set an “outperform” rating for the company. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $27.08.

Insider Buying and Selling

In other Hut 8 news, insider Victor Semah sold 11,363 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $12.95, for a total value of $147,150.85. Following the transaction, the insider now owns 15,738 shares of the company’s stock, valued at $203,807.10. This trade represents a 41.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.00% of the stock is currently owned by company insiders.

Hut 8 Company Profile

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.