Hut 8 (NASDAQ:HUT) Stock Price Down 7.6% – What’s Next?

16 Sep 2026, 12:40 by Kim Johansen · The Markets Daily

Hut 8 Corp. (NASDAQ:HUT – Get Free Report) traded down 7.6% during mid-day trading on Monday . The company traded as low as $88.50 and last traded at $91.13. 6,268,054 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 4,824,375 shares. The stock had previously closed at $98.60.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HUT shares. Loop Capital set a $226.00 price target on Hut 8 in a research note on Monday, June 22nd. Keefe, Bruyette & Woods dropped their target price on Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Hut 8 from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. BTIG Research upped their price objective on shares of Hut 8 from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Maxim Group upgraded shares of Hut 8 to a “strong-buy” rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hut 8 currently has a consensus rating of “Buy” and a consensus target price of $144.89.

View Our Latest Stock Report on Hut 8

Hut 8 Stock Down 4.4%

The stock has a market cap of $10.73 billion, a price-to-earnings ratio of -15.98 and a beta of 4.51. The business’s 50 day moving average is $93.73 and its 200-day moving average is $88.22. The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35.

Hut 8 (NASDAQ:HUT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The company had revenue of $74.93 million for the quarter, compared to analyst estimates of $79.37 million. Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.During the same quarter in the prior year, the company posted $1.18 earnings per share. On average, sell-side analysts predict that Hut 8 Corp. will post -2.85 EPS for the current fiscal year.

Insider Transactions at Hut 8

In other Hut 8 news, CFO Sean Glennan sold 6,445 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $78.76, for a total transaction of $507,608.20. Following the completion of the sale, the chief financial officer directly owned 17,978 shares in the company, valued at approximately $1,415,947.28. The trade was a 26.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 10.40% of the company’s stock.

Institutional Trading of Hut 8

A number of institutional investors have recently made changes to their positions in HUT. BlackRock Inc. acquired a new stake in Hut 8 in the 2nd quarter valued at about $1,093,294,000. Avala Global LP purchased a new stake in shares of Hut 8 in the second quarter valued at approximately $144,602,000. Sachem Head Capital Management LP purchased a new stake in shares of Hut 8 in the fourth quarter valued at approximately $129,780,000. Geode Capital Management LLC grew its position in shares of Hut 8 by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,593,916 shares of the company’s stock valued at $119,181,000 after purchasing an additional 79,591 shares in the last quarter. Finally, Oasis Management Co Ltd. increased its holdings in shares of Hut 8 by 231.5% in the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock valued at $106,015,000 after purchasing an additional 1,611,653 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

About Hut 8

(Get Free Report)

Hut 8 Corp. (NASDAQ:HUT) is a North American energy infrastructure and digital asset mining company. The company develops and operates data centers, power-generation resources and other infrastructure that support energy-intensive computing applications, including Bitcoin mining.

Hut 8 also provides services related to digital asset mining and data center operations, while pursuing opportunities in high-performance computing and artificial intelligence infrastructure. Its business is supported by a portfolio of power and data center sites in the United States and Canada.