Northland Capmk Has Negative View of Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Equities research analysts at Northland Capmk cut their Q1 2025 earnings estimates for shares of Bit Digital in a note issued to investors on Monday, March 17th. Northland Capmk analyst M. Grondahl now expects that the company will earn ($0.04) per share for the quarter, down from their previous 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.

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

A number of other research analysts also recently issued reports on BTBT. Craig Hallum began coverage on Bit Digital in a research note on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price objective for the company. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of Bit Digital in a research report on Monday.

Bit Digital Stock Up 7.1 %

BTBT stock opened at $2.42 on Wednesday. The business has a 50 day moving average of $2.94 and a 200-day moving average of $3.43. The firm has a market cap of $371.49 million, a PE ratio of 40.33 and a beta of 5.13. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.74.

Institutional Investors Weigh In On Bit Digital

Several large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 530,411 shares during the period. Stifel Financial Corp purchased a new position in Bit Digital in the 3rd quarter valued at approximately $38,000. SG Americas Securities LLC raised its holdings in Bit Digital by 427.6% during the 4th quarter. SG Americas Securities LLC now owns 219,520 shares of the company’s stock valued at $643,000 after acquiring an additional 177,911 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Bit Digital during the third quarter worth $1,222,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Bit Digital by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,425,057 shares of the company’s stock worth $8,512,000 after acquiring an additional 42,375 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.