HIVE Digital Technologies (NASDAQ:HIVE) Price Target Cut to $5.00 by Analysts at HC Wainwright

HIVE Digital Technologies (NASDAQ:HIVE) had its target price reduced by HC Wainwright from $6.00 to $5.00 in a research note released on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. Chardan Capital reduced their price target on HIVE Digital Technologies from $7.50 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. Rosenblatt Securities increased their price objective on shares of HIVE Digital Technologies from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of HIVE Digital Technologies in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HIVE Digital Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.40.

HIVE Digital Technologies Stock Up 1.7%

Shares of NASDAQ HIVE opened at $1.75 on Wednesday. HIVE Digital Technologies has a 12-month low of $1.58 and a 12-month high of $5.34. The company has a market cap of $484.26 million, a P/E ratio of -1.16 and a beta of 3.76. The company has a current ratio of 1.55, a quick ratio of 1.96 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $2.54 and a 200 day moving average price of $2.78.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). HIVE Digital Technologies had a negative return on equity of 43.76% and a negative net margin of 118.13%. The company had revenue of $84.88 million for the quarter, compared to analyst estimates of $79.44 million. Research analysts anticipate that HIVE Digital Technologies will post -0.66 EPS for the current fiscal year.

Insider Activity

In other news, Director Dave Perrill sold 12,500 shares of HIVE Digital Technologies stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $2.75, for a total transaction of $34,375.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new stake in HIVE Digital Technologies during the 1st quarter valued at approximately $27,000. Stillwater Private Wealth LLC acquired a new stake in shares of HIVE Digital Technologies during the first quarter worth approximately $38,000. StoneX Group Inc. acquired a new stake in shares of HIVE Digital Technologies during the third quarter worth approximately $40,000. Verity Asset Management Inc. acquired a new stake in shares of HIVE Digital Technologies during the second quarter worth approximately $44,000. Finally, Kellett Wealth Advisors LLC increased its stake in shares of HIVE Digital Technologies by 80.0% in the third quarter. Kellett Wealth Advisors LLC now owns 18,000 shares of the company’s stock worth $53,000 after buying an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

Latest HIVE Digital Technologies News

Here’s some of the latest news about HIVE:

• Positive Sentiment: Fiscal Q2 2027 revenue was about $84.9 million, above analyst expectations cited in the provided results, while AI/HPC revenue grew roughly 70% and adjusted EBITDA rose 85%. The company also reported $139 million in cash, supporting its growth plans. HIVE Q2 results
• Neutral Sentiment: B. Riley and HC Wainwright lowered their price targets to $5 from $8 and $6, respectively, but both kept Buy ratings. Chardan also cut its target, to $7.00 from $7.50, while maintaining Buy. The reductions temper analyst optimism, even as the ratings remain positive. B. Riley target change
• Negative Sentiment: Despite revenue growth, HIVE’s quarterly loss widened, and one report said HPC revenue missed expectations. Reports also noted that Bitcoin mining revenue can fall when coin prices slide, highlighting the company’s continued exposure to crypto-market conditions. HIVE quarterly loss

About HIVE Digital Technologies

HIVE Digital Technologies Ltd. is a digital infrastructure company focused on cryptocurrency mining and high-performance computing. Its operations include data centers that support Bitcoin mining, as well as computing services for applications such as artificial intelligence and other data-intensive workloads. Founded in 2017 as HIVE Blockchain Technologies, the company initially focused on mining digital assets, including Ethereum. It has since expanded its emphasis on Bitcoin mining and high-performance computing.