Rosenblatt Securities Reaffirms Buy Rating for Hut 8 (NASDAQ:HUT)

Hut 8 (NASDAQ:HUT)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $124.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 22.58% from the company’s current price.

HUT has been the subject of a number of other research reports. Jefferies Financial Group assumed coverage on shares of Hut 8 in a research report on Thursday, May 14th. They set a “buy” rating and a $156.00 price objective for the company. Compass Point set a $195.00 price target on Hut 8 in a research report on Wednesday, July 22nd. Loop Capital set a $226.00 price objective on Hut 8 in a research note on Monday, June 22nd. Morgan Stanley started coverage on shares of Hut 8 in a report on Thursday, July 23rd. They set an “overweight” rating and a $263.00 price target for the company. Finally, Benchmark increased their price objective on shares of Hut 8 from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hut 8 presently has a consensus rating of “Moderate Buy” and an average price target of $138.50.

Hut 8 Price Performance

Shares of NASDAQ HUT opened at $101.16 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of -33.72 and a beta of 4.64. Hut 8 has a twelve month low of $18.68 and a twelve month high of $140.80. The business has a 50 day simple moving average of $111.74 and a 200-day simple moving average of $81.63.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings data 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). The firm had revenue of $72.66 million for the quarter, compared to the consensus estimate of $79.37 million. Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.During the same quarter last year, the business earned $1.18 earnings per share. As a group, equities research analysts expect that Hut 8 will post -2.54 earnings per share for the current year.

Insider Activity at Hut 8

In other Hut 8 news, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the completion of the transaction, the director directly owned 17,491 shares of the company’s stock, valued at approximately $1,924,010. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Victor Semah sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was 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 in the company, valued at $3,922,250. This represents a 24.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,206 shares of company stock valued at $11,376,242 over the last quarter. Corporate insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Hut 8

Hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its holdings in Hut 8 by 42.5% during the second quarter. Handelsbanken Fonder AB now owns 32,200 shares of the company’s stock worth $3,717,000 after buying an additional 9,600 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Hut 8 in the 2nd quarter valued at $854,000. GAMMA Investing LLC raised its holdings in Hut 8 by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock worth $122,000 after buying an additional 274 shares during the period. Arlington Trust Co LLC lifted its stake in Hut 8 by 175.0% during the second quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Hut 8 by 42.1% in the second quarter. CoreCap Advisors LLC now owns 540 shares of the company’s stock worth $62,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Key Headlines Impacting Hut 8

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

• Positive Sentiment: Hut 8 reported significant progress in its power-first strategy, including 949 megawatts of contracted AI data-center capacity, approximately $26.6 billion in expected aggregate base-term contract value and more than $1.75 billion in expected average annual NOI. Hut 8 Reports Second Quarter 2026 Results
• Positive Sentiment: The company secured $7.5 billion of fully amortizing, investment-grade project financing without parent-level recourse or equity dilution. Management also completed commercialization of its first gigawatt-scale AI campus and signed a subsequent 352-megawatt lease at Beacon Point, which targets roughly $9.8 billion in base-term value. Hut 8 Outlines 8.7 GW Pipeline
• Positive Sentiment: A bullish investment view argues that improving adjusted EBITDA and expanded gross margins—reported at 64%—could make Hut 8’s future contracted cash flows more valuable as the AI infrastructure buildout progresses. Hut 8 Q2 2026: Buy the Transition Before It Shows in Earnings
• Neutral Sentiment: Unusually heavy options activity saw investors purchase 25,995 call options, about 25% above typical volume. This may indicate speculative bullish positioning but does not confirm a fundamental change in valuation.
• Negative Sentiment: Quarterly results missed key expectations: revenue was $72.66 million versus the $79.37 million analyst estimate, while the reported GAAP loss per share was wider than consensus in the company’s earnings coverage. Losses were also affected by bitcoin mark-to-market volatility, highlighting continued earnings exposure to cryptocurrency prices. Hut 8 Second Quarter Earnings Report

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.