Q3 EPS Forecast for HIVE Digital Technologies Cut by Analyst

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – HC Wainwright decreased their Q3 2027 earnings estimates for shares of HIVE Digital Technologies in a report issued on Wednesday, November 11th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.15) per share for the quarter, down from their prior estimate of ($0.09). HC Wainwright currently has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.66) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q4 2027 earnings at ($0.11) EPS, Q1 2028 earnings at ($0.09) EPS, Q2 2028 earnings at ($0.08) EPS, Q3 2028 earnings at ($0.07) EPS, Q4 2028 earnings at ($0.08) EPS and FY2028 earnings at ($0.33) EPS.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Monday, November 9th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The firm had revenue of $84.88 million during the quarter, compared to analyst estimates of $79.44 million. HIVE Digital Technologies had a negative net margin of 118.13% and a negative return on equity of 43.76%.

Several other research firms have also commented on HIVE. Canaccord Genuity Group dropped their target price on HIVE Digital Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities decreased their price target on HIVE Digital Technologies from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday. Chardan Capital lowered their price objective on HIVE Digital Technologies from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Tuesday. B. Riley Financial lowered their price objective on HIVE Digital Technologies from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of HIVE Digital Technologies in a report on Thursday. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.90.

HIVE Digital Technologies Price Performance

HIVE Digital Technologies stock opened at $1.65 on Friday. 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 company has a fifty day simple moving average of $2.52 and a 200-day simple moving average of $2.77. The stock has a market cap of $456.59 million, a P/E ratio of -1.09 and a beta of 3.76. HIVE Digital Technologies has a 12-month low of $1.58 and a 12-month high of $5.34.

Hedge Funds Weigh In On HIVE Digital Technologies

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in shares of HIVE Digital Technologies during the first quarter worth about $27,000. Stillwater Private Wealth LLC purchased a new stake in shares of HIVE Digital Technologies in the 1st quarter valued at about $38,000. StoneX Group Inc. purchased a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at about $40,000. Verity Asset Management Inc. purchased a new stake in shares of HIVE Digital Technologies in the 2nd quarter valued at about $44,000. Finally, Kellett Wealth Advisors LLC boosted its position in shares of HIVE Digital Technologies by 80.0% in the 3rd quarter. Kellett Wealth Advisors LLC now owns 18,000 shares of the company’s stock valued at $53,000 after purchasing an additional 8,000 shares during the period. Hedge funds and other institutional investors own 24.42% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dave Perrill sold 12,500 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $2.75, for a total value of $34,375.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.44% of the stock is currently owned by company insiders.

Key Stories Impacting HIVE Digital Technologies

These are some of the HIVE stories that stood out recently:

• Positive Sentiment: The company is targeting a $500 million annual revenue run rate by early 2027. Its reported Q2 revenue was $84.9 million, with AI GPU revenue up 71%, providing a potential growth driver. HIVE sets $500 million annual revenue run-rate goal
• Neutral Sentiment: Northland Securities modestly improved its Q3 and Q4 2027 EPS forecasts, though it still expects HIVE to report losses. HIVE analyst coverage
• Negative Sentiment: HC Wainwright cut EPS estimates across several quarters through FY2028, lowering its FY2028 forecast to a loss of $0.33 per share from $0.23. The firm retained a Buy rating, but the weaker outlook may weigh on sentiment.

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.