B. Riley Estimates Bit Digital’s Q1 Earnings (NASDAQ:BTBT)

Bit Digital, Inc. (NASDAQ:BTBT) – Stock analysts at B. Riley issued their Q1 2026 earnings per share (EPS) estimates for shares of Bit Digital in a note issued to investors on Thursday, September 4th. B. Riley analyst N. Giles forecasts that the company will earn ($0.01) per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Bit Digital’s Q2 2026 earnings at ($0.01) EPS and Q3 2026 earnings at $0.00 EPS.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Bit Digital had a negative return on equity of 9.90% and a negative net margin of 52.86%.The business had revenue of $25.66 million for the quarter, compared to analyst estimates of $27.46 million.

Other equities analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Bit Digital from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of Bit Digital in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Bit Digital currently has a consensus rating of “Buy” and an average target price of $6.33.

Bit Digital Stock Performance

Shares of BTBT stock opened at $2.51 on Friday. The firm’s 50 day moving average price is $3.02 and its 200-day moving average price is $2.53. Bit Digital has a one year low of $1.69 and a one year high of $5.74. The firm has a market cap of $806.79 million, a P/E ratio of -8.10 and a beta of 4.77.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BTBT. Wells Fargo & Company MN increased its holdings in shares of Bit Digital by 18.6% in the 4th quarter. Wells Fargo & Company MN now owns 72,941 shares of the company’s stock valued at $214,000 after acquiring an additional 11,461 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Bit Digital by 18.1% in the 4th quarter. MetLife Investment Management LLC now owns 82,357 shares of the company’s stock valued at $241,000 after acquiring an additional 12,640 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Bit Digital by 90.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,529 shares of the company’s stock valued at $46,000 after acquiring an additional 7,395 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Bit Digital by 31.0% in the 4th quarter. Stifel Financial Corp now owns 14,027 shares of the company’s stock valued at $41,000 after acquiring an additional 3,320 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Bit Digital by 10.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 44,846 shares of the company’s stock valued at $132,000 after acquiring an additional 4,389 shares during the last quarter. Hedge funds and other institutional investors own 47.70% of the company’s stock.

Insider Activity

In related news, CEO Samir Tabar purchased 750,000 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were bought at an average price of $2.00 per share, for a total transaction of $1,500,000.00. Following the acquisition, the chief executive officer directly owned 2,108,089 shares in the company, valued at $4,216,178. This trade represents a 55.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brock Jeffrey Pierce acquired 500,000 shares of the company’s stock in a transaction on Wednesday, June 25th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director owned 500,000 shares in the company, valued at approximately $1,000,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

About Bit Digital

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.