Q1 EPS Estimates for Bit Digital Reduced by Northland Capmk

Bit Digital, Inc. (NASDAQ:BTBT) – Northland Capmk lowered their Q1 2025 earnings per share (EPS) estimates for Bit Digital in a research note issued on Monday, March 17th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn ($0.04) per share for the quarter, down from their prior forecast of ($0.01). The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. Northland Capmk also issued estimates for Bit Digital’s Q2 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.07) EPS.

Several other analysts have also commented on BTBT. Craig Hallum started 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. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a report on Monday.

Bit Digital Stock Down 0.8 %

Bit Digital stock opened at $2.40 on Wednesday. Bit Digital has a twelve month low of $1.76 and a twelve month high of $5.74. The business has a fifty day moving average of $2.92 and a two-hundred day moving average of $3.43. The firm has a market cap of $368.42 million, a P/E ratio of 40.00 and a beta of 5.13.

Bit Digital (NASDAQ:BTBT) last posted its earnings results on Friday, March 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $26.10 million for the quarter, compared to analysts’ expectations 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 prior year, the company earned ($0.16) EPS.

Hedge Funds Weigh In On Bit Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new stake in Bit Digital during the 3rd quarter worth about $1,222,000. Intech Investment Management LLC acquired a new stake in Bit Digital during the 3rd quarter worth about $95,000. Charles Schwab Investment Management Inc. grew its position in Bit Digital by 192.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company’s stock worth $2,831,000 after purchasing an additional 530,411 shares during the period. Stifel Financial Corp acquired a new stake in Bit Digital during the 3rd quarter worth about $38,000. Finally, State Street Corp grew its position in Bit Digital by 1.7% during the 3rd quarter. State Street Corp now owns 5,597,517 shares of the company’s stock worth $19,647,000 after purchasing 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.