Q1 Earnings Forecast for Bit Digital Issued By HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – Research analysts at HC Wainwright issued their Q1 2025 earnings per share estimates for Bit Digital in a research report issued to clients and investors on Monday, March 17th. HC Wainwright analyst K. Dede expects that the company will earn ($0.07) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for Bit Digital’s Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.14) EPS.

Separately, Craig Hallum assumed coverage on Bit Digital in a report on Tuesday, January 21st. They set a “buy” rating and a $6.00 price objective for the company.

Bit Digital Price Performance

BTBT opened at $2.26 on Wednesday. Bit Digital has a fifty-two week low of $1.76 and a fifty-two week high of $5.74. The firm has a market capitalization of $346.93 million, a PE ratio of 37.67 and a beta of 5.13. The company’s 50-day moving average is $2.96 and its 200 day moving average is $3.44.

Bit Digital (NASDAQ:BTBT) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $26.10 million for the quarter, compared to analyst estimates of $25.06 million. Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%. During the same quarter in the previous year, the company posted ($0.16) EPS.

Institutional Trading of Bit Digital

Institutional investors and hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in Bit Digital in the 3rd quarter worth about $1,222,000. Intech Investment Management LLC purchased a new position in shares of Bit Digital in the 3rd quarter worth approximately $95,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Bit Digital by 192.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company’s stock valued at $2,831,000 after acquiring an additional 530,411 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Bit Digital during the third quarter valued at approximately $38,000. Finally, State Street Corp lifted its holdings in Bit Digital by 1.7% during the third quarter. State Street Corp now owns 5,597,517 shares of the company’s stock worth $19,647,000 after acquiring an additional 94,762 shares during the period. Hedge funds and other institutional investors own 47.70% of the company’s stock.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.