Hut 8 (HUT) Expected to Announce Quarterly Earnings on Wednesday
by Amy Steele · The Cerbat GemHut 8 (NASDAQ:HUT – Get Free Report) is expected to be announcing its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.3258) per share and revenue of $77.3030 million for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, May 6, 2026 at 8:30 AM ET.
Hut 8 Price Performance
Hut 8 stock traded down $0.09 during trading hours on Monday, hitting $76.90. The stock had a trading volume of 1,891,638 shares, compared to its average volume of 4,851,505. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of -33.35 and a beta of 4.49. Hut 8 has a 1-year low of $12.23 and a 1-year high of $83.18. The stock’s fifty day moving average is $58.21 and its two-hundred day moving average is $52.29.
Insiders Place Their Bets
In related news, CFO Sean Joseph Glennan sold 4,625 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total transaction of $226,856.25. Following the sale, the chief financial officer owned 12,068 shares of the company’s stock, valued at $591,935.40. This trade represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor Semah sold 5,498 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $269,676.90. Following the sale, the insider directly owned 24,796 shares in the company, valued at approximately $1,216,243.80. The trade was a 18.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Hut 8
Several large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC purchased a new position in Hut 8 during the fourth quarter worth about $246,000. T. Rowe Price Investment Management Inc. lifted its position in Hut 8 by 32.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,836,051 shares of the company’s stock worth $84,349,000 after buying an additional 445,868 shares during the period. Invesco Ltd. lifted its position in Hut 8 by 6.8% during the fourth quarter. Invesco Ltd. now owns 1,007,988 shares of the company’s stock worth $46,307,000 after buying an additional 64,053 shares during the period. Beartown Capital Management LLC purchased a new position in Hut 8 during the fourth quarter worth about $11,944,000. Finally, Feynman Point Asset Management LLC purchased a new position in Hut 8 during the fourth quarter worth about $2,044,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on HUT. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 target price on shares of Hut 8 in a report on Thursday, February 26th. Weiss Ratings lowered Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Cantor Fitzgerald upped their target price on Hut 8 from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. HC Wainwright reissued a “buy” rating and issued a $80.00 target price on shares of Hut 8 in a report on Thursday, February 26th. Finally, BTIG Research upped their target price on Hut 8 from $55.00 to $90.00 and gave the company a “buy” rating in a report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.38.
Read Our Latest Analysis on HUT
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.