Q1 EPS Estimates for Bit Digital Lowered by Northland Capmk

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

Other analysts have also issued reports about the stock. Craig Hallum started coverage on shares of Bit Digital in a research report on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of Bit Digital in a report on Monday.

Bit Digital Trading Down 6.2 %

Bit Digital stock opened at $2.26 on Wednesday. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.74. The firm has a 50-day moving average price of $2.96 and a 200-day moving average price of $3.44. The firm has a market capitalization of $346.93 million, a PE ratio of 37.67 and a beta of 5.13.

Bit Digital (NASDAQ:BTBT) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $25.06 million. During the same period in the previous year, the firm earned ($0.16) earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in Bit Digital by 192.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company’s stock worth $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 in the third quarter valued at approximately $38,000. SG Americas Securities LLC grew its stake in Bit Digital by 427.6% in the fourth quarter. SG Americas Securities LLC now owns 219,520 shares of the company’s stock worth $643,000 after purchasing an additional 177,911 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Bit Digital during the 3rd quarter worth $1,222,000. Finally, Geode Capital Management LLC increased its holdings in Bit Digital by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,425,057 shares of the company’s stock worth $8,512,000 after purchasing an additional 42,375 shares during the period. Hedge funds and other institutional investors own 47.70% of the company’s stock.

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.