HIVE Digital Technologies Ltd. (NASDAQ:HIVE – Get Free Report) was down 3.5% during trading on Friday . The company traded as low as $2.95 and last traded at $3.02. Approximately 14,702,435 shares were traded during trading, a decline of 25% from the average daily volume of 19,571,662 shares. The stock had previously closed at $3.13.
Trending Headlines about HIVE Digital Technologies
Here are the key news stories impacting HIVE Digital Technologies this week:
- Positive Sentiment: Rosenblatt raised its price target. Rosenblatt Securities increased its target from $5.50 to $6.00 and maintained a “Buy” rating, implying significant potential upside from recent trading levels. Rosenblatt price target report
- Positive Sentiment: HC Wainwright remains bullish. The firm reiterated a “Buy” rating and a $7.00 price target while forecasting a narrower FY2027 loss of $0.50 per share. HC Wainwright forecast for HIVE
- Positive Sentiment: Northland improved its earnings outlook. Northland Securities raised its FY2027 EPS forecast to a loss of $0.58 from $0.72 and also upgraded its estimates for the second, third and fourth quarters of FY2027, suggesting expectations for improving profitability.
- Positive Sentiment: Analyst sentiment is broadly favorable. Canaccord Genuity reiterated its “Buy” rating, while the overall analyst consensus is reported as “Moderate Buy.” Coverage continues to focus on HIVE’s expansion beyond cryptocurrency mining into AI and high-performance-computing infrastructure. Canaccord Buy rating
- Neutral Sentiment: AI infrastructure offers a potential catalyst, but execution remains important. Reports highlight HIVE’s approximately $350 million GPU cloud opportunity and plans to use mining cash flow to fund expansion. Investors will likely look for evidence that the agreement converts into recurring revenue and improves margins. $350 million reason to buy HIVE
- Negative Sentiment: Director selling may pressure sentiment. Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. The sale follows an earlier disposal of 175,000 shares in June, potentially raising investor concerns about insider confidence.
- Negative Sentiment: HIVE’s latest results were weaker than expected. The company reported a quarterly loss of $0.54 per share versus the $0.21 consensus estimate, while revenue of $79.1 million fell short of expectations of $81.7 million. HIVE remains unprofitable, making successful AI expansion critical to supporting its valuation.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on HIVE shares. Chardan Capital reaffirmed a “buy” rating and issued a $7.50 price target on shares of HIVE Digital Technologies in a research report on Monday, August 17th. B. Riley Financial lifted their price objective on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. 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. HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of HIVE Digital Technologies in a report on Monday, August 17th. Finally, Cantor Fitzgerald set a $7.00 target price on HIVE Digital Technologies in a research report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.
HIVE Digital Technologies Trading Down 3.2%
The company’s 50 day simple moving average is $3.27 and its two-hundred day simple moving average is $2.86. The company has a market capitalization of $831.07 million, a price-to-earnings ratio of -2.35 and a beta of 3.78. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.85.
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.33). The business had revenue of $79.12 million for the quarter, compared to analyst estimates of $81.72 million. HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 31.98%. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, research analysts anticipate that HIVE Digital Technologies Ltd. will post -0.61 earnings per share for the current fiscal year.
Insider Activity
In other HIVE Digital Technologies news, Director Dave Perrill sold 175,000 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $4.69, for a total transaction of $820,750.00. Following the sale, the director owned 162,500 shares of the company’s stock, valued at approximately $762,125. The trade was a 51.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Luke Rossy sold 215,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $3.97, for a total transaction of $853,550.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 781,700 shares of company stock worth $3,209,876 over the last 90 days. 9.44% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On HIVE Digital Technologies
Several institutional investors and hedge funds have recently made changes to their positions in HIVE. Situational Awareness LP increased its position in shares of HIVE Digital Technologies by 169.3% in the 2nd quarter. Situational Awareness LP now owns 9,133,726 shares of the company’s stock valued at $33,247,000 after acquiring an additional 5,742,179 shares during the period. TD Waterhouse Canada Inc. grew its stake in HIVE Digital Technologies by 35.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,476 shares of the company’s stock valued at $64,000 after purchasing an additional 4,877 shares during the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in HIVE Digital Technologies during the 2nd quarter valued at about $2,730,000. Headlands Technologies LLC grew its stake in HIVE Digital Technologies by 12.7% during the 2nd quarter. Headlands Technologies LLC now owns 273,640 shares of the company’s stock valued at $996,000 after purchasing an additional 30,916 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new position in shares of HIVE Digital Technologies in the second quarter valued at about $44,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.
HIVE Digital Technologies Company Profile
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.
Featured Stories
- Five stocks we like better than HIVE Digital Technologies
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for HIVE Digital Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HIVE Digital Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
