Noble Financial Lowers Earnings Estimates for Bit Digital

Bit Digital, Inc. (NASDAQ:BTBT) – Equities research analysts at Noble Financial dropped their Q4 2025 earnings per share (EPS) estimates for shares of Bit Digital in a research report issued on Tuesday, March 18th. Noble Financial analyst J. Gomes now expects that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share.

Bit Digital (NASDAQ:BTBT) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $25.06 million. During the same period in the previous year, the company posted ($0.16) EPS.

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

Bit Digital Trading Down 0.8 %

BTBT opened at $2.40 on Wednesday. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.74. The business’s fifty day simple moving average is $2.92 and its 200-day simple moving average is $3.43. The company has a market capitalization of $368.42 million, a price-to-earnings ratio of 40.00 and a beta of 5.13.

Institutional Investors Weigh In On Bit Digital

A number of hedge funds have recently made changes to their positions in BTBT. Vident Advisory LLC lifted its stake in shares of Bit Digital by 56.2% during the 4th quarter. Vident Advisory LLC now owns 3,194,409 shares of the company’s stock worth $9,360,000 after purchasing an additional 1,149,727 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bit Digital by 116.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,749,845 shares of the company’s stock worth $5,127,000 after purchasing an additional 943,214 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Bit Digital during the 3rd quarter worth $1,222,000. Millennium Management LLC raised its stake in Bit Digital by 30.1% in the fourth quarter. Millennium Management LLC now owns 1,437,250 shares of the company’s stock valued at $4,211,000 after buying an additional 332,513 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Bit Digital in the fourth quarter valued at about $887,000. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

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.