HIVE Digital Technologies (NASDAQ:HIVE) Receives “Buy” Rating from HC Wainwright

HIVE Digital Technologies (NASDAQ:HIVE)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They currently have a $7.00 price target on the stock. HC Wainwright’s price objective points to a potential upside of 123.29% from the stock’s previous close.

A number of other brokerages have also recently issued reports on HIVE. Chardan Capital began coverage on shares of HIVE Digital Technologies in a research note on Monday, July 27th. They issued a “buy” rating and a $7.50 price objective for the company. Weiss Ratings cut shares of HIVE Digital Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. UBS Group set a $8.00 target price on shares of HIVE Digital Technologies in a report on Wednesday, June 3rd. Keefe, Bruyette & Woods increased their price target on HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, June 5th. Finally, Rosenblatt Securities boosted their price objective on HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.95.

HIVE Digital Technologies Stock Performance

NASDAQ HIVE traded up $0.45 on Monday, hitting $3.13. 45,524,223 shares of the company traded hands, compared to its average volume of 19,137,555. The business’s 50 day moving average price is $3.34 and its 200-day moving average price is $2.86. HIVE Digital Technologies has a 52-week low of $1.73 and a 52-week high of $7.84. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $842.16 million, a price-to-earnings ratio of -2.43 and a beta of 3.79.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.33). The company had revenue of $79.12 million for the quarter, compared to the consensus estimate of $81.72 million. HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 29.90%. During the same quarter last year, the firm posted $0.18 earnings per share. Equities analysts expect that HIVE Digital Technologies will post -0.78 earnings per share for the current year.

Insider Buying and Selling

In other HIVE Digital Technologies news, Director Susan B. Mcgee sold 125,000 shares of the stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $4.25, for a total transaction of $531,250.00. Following the completion of the transaction, the director owned 125,000 shares of the company’s stock, valued at $531,250. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dave Perrill sold 175,000 shares of the stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $4.69, for a total transaction of $820,750.00. Following the transaction, the director directly owned 162,500 shares of the company’s stock, valued at $762,125. This trade represents a 51.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 681,700 shares of company stock worth $2,937,876.

Hedge Funds Weigh In On HIVE Digital Technologies

Several institutional investors have recently added to or reduced their stakes in HIVE. NewEdge Advisors LLC increased its stake in HIVE Digital Technologies by 1,885.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after acquiring an additional 9,429 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of HIVE Digital Technologies during the 4th quarter valued at approximately $27,000. Rafferty Asset Management LLC purchased a new position in shares of HIVE Digital Technologies in the fourth quarter valued at $28,000. State of Wyoming bought a new stake in HIVE Digital Technologies in the fourth quarter worth $28,000. Finally, Verity Asset Management Inc. bought a new stake in HIVE Digital Technologies in the second quarter worth $44,000. Hedge funds and other institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies News Roundup

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

• Positive Sentiment: HIVE’s BUZZ High Performance Computing subsidiary signed a five-year GPU cloud services agreement with an investment-grade enterprise customer valued at approximately $350 million. The contract is expected to generate about $70 million in annualized revenue and lift BUZZ HPC’s total annualized revenue to roughly $180 million. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: The agreement reportedly involves delivering 2,016 Nvidia Blackwell Ultra GPUs, giving investors greater visibility into HIVE’s computing capacity and recurring AI-related revenue. HIVE Digital to deliver 2,016 Nvidia Blackwell Ultra GPUs in five-year deal
• Positive Sentiment: The contract reinforces HIVE’s strategy of expanding into AI and GPU cloud services, potentially reducing reliance on volatile cryptocurrency-mining revenue. The announcement drove strong premarket and midday buying interest. HIVE Digital Technologies Soars on GPU Cloud Contract
• Neutral Sentiment: HIVE recently reported a 74% year-over-year revenue increase for fiscal first-quarter 2027, suggesting accelerating business activity, although investors will likely focus on whether the new AI contract translates into sustained profitability. HIVE reports 74% revenue jump in fiscal Q1 2027 earnings
• Negative Sentiment: The company’s latest quarterly results missed consensus expectations, with a wider-than-expected per-share loss and revenue below estimates. HIVE also remains unprofitable, so execution costs, GPU deployment requirements and financing needs remain risks.

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.