Bit Digital Q4 EPS Estimate Decreased by Noble Financial

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

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

Bit Digital Stock Down 6.2 %

Shares of BTBT stock opened at $2.26 on Wednesday. The stock has a market cap of $346.93 million, a P/E ratio of 37.67 and a beta of 5.13. Bit Digital has a 52 week low of $1.76 and a 52 week high of $5.74. The company’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $3.44.

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

Institutional Trading of Bit Digital

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Bit Digital by 192.0% during the 3rd 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 last quarter. Stifel Financial Corp bought a new position in Bit Digital during the 3rd quarter valued at about $38,000. SG Americas Securities LLC grew 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 purchasing an additional 177,911 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Bit Digital during the 3rd quarter valued at about $1,222,000. Finally, Geode Capital Management LLC grew 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 valued at $8,512,000 after purchasing an additional 42,375 shares during the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

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.