What is B. Riley’s Forecast for Bit Digital FY2025 Earnings?

Bit Digital, Inc. (NASDAQ:BTBT) – Investment analysts at B. Riley cut their FY2025 EPS estimates for shares of Bit Digital in a research report issued on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will earn $0.21 per share for the year, down from their prior estimate of $0.22. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share.

Other analysts have also recently issued reports about the stock. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of Bit Digital in a research note on Tuesday, November 19th. Craig Hallum assumed coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They set a “buy” rating and a $6.00 price target on the stock.

Bit Digital Trading Up 2.3 %

Shares of BTBT stock opened at $3.15 on Friday. The stock has a market capitalization of $483.56 million, a P/E ratio of 52.50 and a beta of 4.88. The firm’s 50 day moving average is $3.49 and its 200 day moving average is $3.55. Bit Digital has a 12 month low of $1.76 and a 12 month high of $5.74.

Institutional Trading of Bit Digital

Several institutional investors and hedge funds have recently bought and sold shares of BTBT. The Manufacturers Life Insurance Company lifted its stake in Bit Digital by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,219 shares of the company’s stock worth $141,000 after purchasing an additional 13,170 shares in the last quarter. SG Americas Securities LLC lifted its stake in Bit Digital by 96.3% in the 3rd quarter. SG Americas Securities LLC now owns 41,609 shares of the company’s stock worth $146,000 after purchasing an additional 20,413 shares in the last quarter. Creative Planning purchased a new stake in Bit Digital in the 3rd quarter worth approximately $37,000. Vima LLC lifted its stake in Bit Digital by 26.5% in the 3rd quarter. Vima LLC now owns 89,469 shares of the company’s stock worth $314,000 after purchasing an additional 18,748 shares in the last quarter. Finally, Capital Advisors Inc. OK purchased a new stake in Bit Digital in the 3rd quarter worth approximately $88,000. 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.