HIVE Digital Technologies Ltd. (HIVE) – What Are Investment Firms Saying About This Stock?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.95.

HIVE has been the subject of several recent analyst reports. Weiss Ratings upgraded HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Chardan Capital reiterated a “buy” rating and set a $7.50 price target on shares of HIVE Digital Technologies in a report on Wednesday, September 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a research note on Monday, October 19th. HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a report on Monday, August 17th. Finally, Rosenblatt Securities boosted their price objective on HIVE Digital Technologies from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th.

HIVE Digital Technologies Price Performance

HIVE Digital Technologies stock opened at $1.78 on Tuesday. The stock’s fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.80. HIVE Digital Technologies has a one year low of $1.58 and a one year high of $5.34. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $491.67 million, a PE ratio of -1.38 and a beta of 3.76.

HIVE Digital Technologies (NASDAQ:HIVE) last released 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 company had revenue of $79.12 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.18 earnings per share. As a group, research analysts expect that HIVE Digital Technologies will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction of $272,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearwater Capital Advisors LLC acquired a new position in shares of HIVE Digital Technologies during the third quarter worth $64,000. Jefferies Financial Group Inc. acquired a new stake in HIVE Digital Technologies in the third quarter valued at $54,000. StoneX Group Inc. acquired a new stake in HIVE Digital Technologies in the third quarter valued at $40,000. Calamos Advisors LLC acquired a new stake in HIVE Digital Technologies in the third quarter valued at $173,000. Finally, Kestra Advisory Services LLC increased its holdings in HIVE Digital Technologies by 132.4% in the third quarter. Kestra Advisory Services LLC now owns 103,195 shares of the company’s stock valued at $304,000 after purchasing an additional 58,800 shares during the period. Institutional investors and hedge funds own 24.42% of the company’s stock.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd. is a digital asset infrastructure company focused primarily on Bitcoin mining and the operation of data centers. The company uses specialized computing equipment and energy infrastructure to support cryptocurrency mining, while also developing facilities designed to accommodate high-performance computing and artificial intelligence applications.

Founded as HIVE Blockchain Technologies, the company adopted the HIVE Digital Technologies name in 2023 to reflect its broader focus beyond cryptocurrency mining.