HC Wainwright reaffirmed their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE – Free Report) in a research report report published on Monday morning, MarketBeat.com reports. The brokerage currently has a $7.00 target price on the stock. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q2 2027 earnings at ($0.16) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.06) EPS, Q1 2028 earnings at ($0.05) EPS, Q2 2028 earnings at ($0.05) EPS, Q3 2028 earnings at ($0.06) EPS, Q4 2028 earnings at ($0.07) EPS and FY2028 earnings at ($0.23) EPS.
Other analysts also recently issued reports about the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of HIVE Digital Technologies in a research report on Friday, June 5th. Rosenblatt Securities lifted their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald set a $7.00 price objective on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Chardan Capital started coverage on shares of HIVE Digital Technologies in a report on Monday, July 27th. They issued a “buy” rating and a $7.50 price objective on the stock. Finally, Wall Street Zen downgraded shares of HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.95.
View Our Latest Stock Analysis on HIVE Digital Technologies
HIVE Digital Technologies Trading Up 1.4%
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.33). The firm had revenue of $79.12 million during the quarter, compared to analysts’ expectations of $81.72 million. HIVE Digital Technologies had a negative return on equity of 31.98% and a negative net margin of 98.49%.During the same period in the previous year, the company earned $0.18 earnings per share. Research analysts forecast that HIVE Digital Technologies will post -0.78 earnings per share for the current fiscal year.
Insider Transactions at HIVE Digital Technologies
In other news, COO Luke Rossy sold 215,000 shares of HIVE Digital Technologies stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $3.97, for a total value of $853,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $2.72, for a total value of $272,000.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 781,700 shares of company stock valued at $3,209,876. Insiders own 9.44% of the company’s stock.
Institutional Trading of HIVE Digital Technologies
Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after buying an additional 9,429 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of HIVE Digital Technologies in the first quarter worth approximately $27,000. Ground Swell Capital LLC purchased a new stake in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $27,000. Rafferty Asset Management LLC purchased a new stake in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $28,000. Finally, State of Wyoming bought a new stake in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $28,000. 24.42% of the stock is currently owned by institutional investors.
HIVE Digital Technologies News Summary
Here are the key news stories impacting HIVE Digital Technologies this week:
- Positive Sentiment: HIVE announced a potential $350 million AI cloud opportunity, representing approximately $70 million in annual recurring revenue under a five-year arrangement. The deal could materially improve revenue visibility and strengthen the company’s positioning in the AI infrastructure market. A $350 million reason to buy HIVE Digital Technologies stock
- Positive Sentiment: Management is targeting $200 million in AI cloud annual recurring revenue, with Bitcoin-mining cash flow helping fund GPU capacity and expansion. Investors view the strategy as a possible catalyst for diversifying HIVE beyond volatile Bitcoin mining. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
- Positive Sentiment: Analyst sentiment remains supportive. HC Wainwright maintained a Buy rating and a $7 price target while raising its projected 2027 quarterly EPS estimates, and Canaccord Genuity reaffirmed its Buy rating with a $10 target. These revisions suggest analysts expect improving results as AI contracts ramp. Chardan Capital Reiterates Buy Rating for HIVE Digital Technologies
- Neutral Sentiment: Unusually high options activity and a test of the $3 technical resistance level indicate elevated speculative interest, but options positioning does not establish a clear long-term direction. HIVE Digital Technologies Target of Unusually High Options Trading
- Negative Sentiment: Execution and profitability remain key risks. HIVE recently reported a wider-than-expected quarterly loss and revenue below consensus, while its AI strategy requires substantial investment in GPUs and data-center capacity. Shares also traded lower in premarket trading as investors digested the deal and broader market weakness. HIVE Digital Stock Tests $3 Resistance
About HIVE Digital Technologies
HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.
Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.
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