Hut 8 (NASDAQ:HUT) Given “Buy” Rating at HC Wainwright

Hut 8 (NASDAQ:HUT)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a report issued on Thursday,Benzinga reports. They presently have a $80.00 target price on the stock. HC Wainwright’s price objective would suggest a potential upside of 44.67% from the stock’s previous close.

A number of other research firms also recently commented on HUT. Benchmark restated a “buy” rating on shares of Hut 8 in a report on Wednesday, December 17th. B. Riley Financial increased their target price on shares of Hut 8 from $61.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Craig Hallum reaffirmed a “buy” rating and set a $80.00 target price on shares of Hut 8 in a research report on Thursday, December 18th. Roth Mkm reaffirmed a “buy” rating and issued a $80.00 price target on shares of Hut 8 in a report on Tuesday, January 27th. Finally, Northland Securities set a $58.00 target price on Hut 8 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $65.06.

Hut 8 Stock Performance

NASDAQ HUT opened at $55.30 on Thursday. The business has a fifty day moving average of $54.68 and a 200-day moving average of $43.60. Hut 8 has a fifty-two week low of $10.04 and a fifty-two week high of $66.07. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of -141.79 and a beta of 4.42. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14.

Institutional Trading of Hut 8

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUT. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 last quarter. SRS Investment Management LLC bought a new stake in shares of Hut 8 in the fourth quarter valued at approximately $131,838,000. Sachem Head Capital Management LP acquired a new stake in Hut 8 in the 4th quarter worth $129,780,000. Ameriprise Financial Inc. grew its position in Hut 8 by 1,043.0% during the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock worth $46,255,000 after buying an additional 2,269,237 shares in the last quarter. Finally, Oasis Management Co Ltd. increased its stake in Hut 8 by 231.5% during the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock valued at $106,015,000 after acquiring an additional 1,611,653 shares during the period. 31.75% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Hut 8

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

• Positive Sentiment: Vertiv partnership boosts Hut 8’s AI-data-center thesis — Vertiv announced a collaboration to scale modular, high-density AI infrastructure with digitally validated deployment (Vertiv OneCore), which supports Hut 8’s strategy to lease and operate AI-focused capacity and could accelerate commercial rollouts and revenue opportunities. Vertiv Industrializes AI Deployment with Digitally Orchestrated Infrastructure, Collaborates with Hut 8 to Scale
• Positive Sentiment: Institutional buying and analyst support — recent 13F filings and coverage show large institutional stake builds (including Oasis and other firms) and multiple buy/outperform ratings with price targets above the current level, which has lifted sentiment and provided buying pressure into earnings. Oasis Management’s Higher Stake In Hut 8
• Positive Sentiment: Consensus broker recommendations skew bullish — broker consensus recently summarized as a “Buy,” reinforcing the positive analyst view that underpins demand. Hut 8 Receives Consensus Recommendation of “Buy”
• Neutral Sentiment: Management commentary and investor deck emphasize AI pivot and growth strategy — the Q4 slide deck and earnings-call transcript provide more detail on how Hut 8 plans to monetize AI leases and scale operations; these disclosures clarify strategy but require execution to drive results. Q4 Presentation
• Neutral Sentiment: Metric analysis vs. estimates — writeups comparing key Q4 metrics to street estimates show strong year-over-year revenue growth but mixed per‑metric performance; useful for modeling but not a clear directional signal by itself. Zacks: Compared to Estimates
• Negative Sentiment: Big Q4 earnings miss and large non‑cash loss — Hut 8 reported a materially worse-than-expected EPS and a significant net loss for Q4 (reported per-share losses well below consensus and a large GAAP net loss), and revenue also missed Street estimates; this weak headline financials increase short‑term downside risk and volatility. Benzinga: Hut 8 Stock Pops As Earnings Highlight AI Pivot
• Negative Sentiment: Execution and volatility risks remain high — despite strategic progress, Hut 8 has a high beta, negative P/E, and exposure to crypto and AI leasing cycles; investors will likely focus on cash flow, balance‑sheet metrics and pace of commercial AI lease wins going forward. Company Earnings Press Release

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.