HIVE Digital Technologies’ (HIVE) Buy Rating Reiterated at Chardan Capital

HIVE Digital Technologies (NASDAQ:HIVE)‘s stock had its “buy” rating restated by equities research analysts at Chardan Capital in a report released on Monday,Benzinga reports. They presently have a $7.50 price target on the stock. Chardan Capital’s price objective points to a potential upside of 141.94% from the stock’s previous close.

Several other research firms have also commented on HIVE. B. Riley Financial raised their target price on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of HIVE Digital Technologies in a research note on Monday. Keefe, Bruyette & Woods raised their price target on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, June 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $10.00 price objective on shares of HIVE Digital Technologies in a research report on Friday, June 5th. Finally, Cantor Fitzgerald set a $7.00 price target on HIVE Digital Technologies in a research note on Thursday, June 4th. Seven equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.95.

HIVE Digital Technologies Stock Performance

Shares of HIVE stock traded up $0.41 during trading hours on Monday, hitting $3.10. The company’s stock had a trading volume of 48,365,461 shares, compared to its average volume of 19,146,875. The company has a 50 day moving average of $3.34 and a 200 day moving average of $2.86. The stock has a market cap of $832.75 million, a PE ratio of -2.40 and a beta of 3.79. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. HIVE Digital Technologies has a 12-month low of $1.73 and a 12-month high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE) last issued 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). HIVE Digital Technologies had a negative return on equity of 29.90% and a negative net margin of 98.49%.The business had revenue of $79.12 million for the quarter, compared to analysts’ expectations of $81.72 million. During the same period last year, the business earned $0.18 EPS. On average, sell-side analysts forecast that HIVE Digital Technologies will post -0.78 EPS for the current fiscal year.

Insider Activity at HIVE Digital Technologies

In other news, COO Luke Rossy sold 215,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $3.97, for a total transaction of $853,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan B. Mcgee sold 125,000 shares of the business’s 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 transaction, the director directly owned 125,000 shares in the company, valued at approximately $531,250. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 681,700 shares of company stock valued at $2,937,876.

Institutional Trading of HIVE Digital Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in HIVE. NewEdge Advisors LLC lifted its holdings 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 valued at $26,000 after acquiring an additional 9,429 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter worth about $27,000. Rafferty Asset Management LLC purchased a new stake in HIVE Digital Technologies in the 4th quarter valued at about $28,000. State of Wyoming purchased a new stake in HIVE Digital Technologies in the 4th quarter valued at about $28,000. Finally, Verity Asset Management Inc. acquired a new position in HIVE Digital Technologies in the second quarter valued at about $44,000. Institutional investors and hedge funds 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.