HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Receives Consensus Rating of “Moderate Buy” from Brokerages

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.90.

Several research firms recently weighed in on HIVE. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday. UBS Group set a $8.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday. Northland Securities set a $6.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday, February 18th. Cantor Fitzgerald set a $7.00 price objective on shares of HIVE Digital Technologies in a report on Thursday. Finally, New Street Research set a $5.00 price objective on shares of HIVE Digital Technologies in a report on Thursday, February 19th.

Key Stories Impacting HIVE Digital Technologies

Here are the key news stories impacting HIVE Digital Technologies this week:

• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $10.00 price target, implying significant upside from current levels. Benzinga
• Positive Sentiment: Northland Securities raised several forward EPS estimates, suggesting a slightly improved outlook for HIVE Digital Technologies’ business trajectory. Tickerreport.com
• Positive Sentiment: HC Wainwright also maintained a Buy rating and $7.00 price target, indicating analysts still see value in the shares despite recent losses. MarketBeat
• Neutral Sentiment: Analyst estimates remain negative overall for FY2027, with both Northland and HC Wainwright forecasting losses, though their full-year views vary. MarketBeat
• Negative Sentiment: HC Wainwright cut some near-term earnings estimates, including Q1 and Q2 2027, which points to softer expectations for profitability. MarketBeat
• Negative Sentiment: The company’s recent earnings report missed both EPS and revenue expectations, reinforcing concerns about execution and margins. MarketBeat

Insider Activity

In other HIVE Digital Technologies news, Director Susan B. Mcgee sold 16,700 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $4.45, for a total value of $74,315.00. Following the sale, the director directly owned 208,300 shares in the company, valued at approximately $926,935. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Luke Rossy sold 66,700 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $4.57, for a total transaction of $304,819.00. Following the completion of the sale, the chief operating officer owned 215,000 shares in the company, valued at approximately $982,550. This trade represents a 23.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HIVE Digital Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of HIVE. NewEdge Advisors LLC raised its position 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 acquiring an additional 9,429 shares in the last quarter. Ground Swell Capital LLC bought a new stake in HIVE Digital Technologies in the fourth quarter worth about $27,000. Private Advisor Group LLC bought a new stake in HIVE Digital Technologies in the first quarter worth about $27,000. Rafferty Asset Management LLC bought a new stake in HIVE Digital Technologies in the fourth quarter worth about $28,000. Finally, State of Wyoming bought a new stake in HIVE Digital Technologies in the fourth quarter worth about $28,000. 24.42% of the stock is currently owned by institutional investors.

HIVE Digital Technologies Stock Performance

HIVE stock opened at $3.77 on Friday. The company has a market capitalization of $996.98 million, a P/E ratio of -6.73 and a beta of 3.74. The company has a 50-day simple moving average of $2.90 and a 200 day simple moving average of $2.77. HIVE Digital Technologies has a fifty-two week low of $1.60 and a fifty-two week high of $7.84. The company has a quick ratio of 1.74, a current ratio of 1.10 and a debt-to-equity ratio of 0.10.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The company had revenue of $71.82 million during the quarter, compared to analyst estimates of $79.99 million. HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%. Sell-side analysts predict that HIVE Digital Technologies will post -0.74 earnings per share for the current fiscal year.

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.