Hut 8 (NASDAQ:HUT) Given New $35.00 Price Target at HC Wainwright

Hut 8 (NASDAQ:HUT) had its price objective upped by HC Wainwright from $26.00 to $35.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Hut 8’s Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.19 EPS and Q4 2025 earnings at $0.17 EPS.

Several other research analysts have also issued reports on HUT. Craig Hallum increased their price objective on Hut 8 from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Benchmark increased their target price on shares of Hut 8 from $17.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and issued a $22.00 price target on shares of Hut 8 in a research report on Wednesday, August 21st. Needham & Company LLC raised their price objective on shares of Hut 8 from $21.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of Hut 8 from $15.00 to $18.00 and gave the company a “speculative buy” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $30.17.

Hut 8 Stock Up 9.2 %

HUT stock opened at $25.26 on Thursday. Hut 8 has a 1-year low of $6.18 and a 1-year high of $28.47. The company has a current ratio of 1.00, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $14.47 and its 200-day moving average is $12.97.

Hedge Funds Weigh In On Hut 8

A number of institutional investors have recently modified their holdings of HUT. Amalgamated Bank bought a new stake in shares of Hut 8 during the second quarter valued at approximately $42,000. Capital Performance Advisors LLP acquired a new position in Hut 8 during the 3rd quarter worth $40,000. Victory Capital Management Inc. bought a new position in Hut 8 in the 2nd quarter valued at $154,000. Intech Investment Management LLC acquired a new stake in shares of Hut 8 in the 3rd quarter valued at $133,000. Finally, XTX Topco Ltd bought a new stake in shares of Hut 8 during the third quarter worth $162,000. 31.75% of the stock is owned by institutional investors.

About Hut 8

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.