HIVE Digital Technologies (NASDAQ:HIVE) Sees Unusually-High Trading Volume Following Analyst Upgrade

Posted by on May 21st, 2026

HIVE Digital Technologies Ltd. (NASDAQ:HIVE – Get Free Report) shares saw unusually-strong trading volume on Tuesday after Cantor Fitzgerald raised their price target on the stock from $3.00 to $4.60. Cantor Fitzgerald currently has an overweight rating on the stock. Approximately 15,243,027 shares changed hands during trading, an increase of 9% from the previous session’s volume of 14,000,031 shares.The stock last traded at $3.2850 and had previously closed at $3.46.

Several other research analysts also recently commented on HIVE. Northland Securities set a $6.00 target price on HIVE Digital Technologies in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HIVE Digital Technologies in a report on Monday, May 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $3.50 target price (down from $11.00) on shares of HIVE Digital Technologies in a report on Tuesday, January 27th. B. Riley Financial cut their target price on HIVE Digital Technologies from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.34.

Get Our Latest Research Report on HIVE

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HIVE. NewEdge Advisors LLC lifted its stake in shares of HIVE Digital Technologies by 1,885.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after purchasing an additional 9,429 shares during the period. Ground Swell Capital LLC acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at about $27,000. Private Advisor Group LLC acquired a new position in shares of HIVE Digital Technologies in the 1st quarter valued at about $27,000. Rafferty Asset Management LLC acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at about $28,000. Finally, State of Wyoming acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at about $28,000. 24.42% of the stock is owned by institutional investors and hedge funds.

HIVE Digital Technologies Price Performance

The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.45 and a beta of 3.50. The business has a 50 day moving average price of $2.38 and a 200-day moving average price of $2.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74.

HIVE Digital Technologies Company Profile

(Get Free Report)

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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