HC Wainwright Issues Positive Estimate for HIVE Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Equities researchers at HC Wainwright lifted their Q2 2027 earnings estimates for HIVE Digital Technologies in a research report issued to clients and investors on Monday, August 17th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.16) per share for the quarter, up from their previous forecast of ($0.18). HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.78) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.06) EPS and FY2028 earnings at ($0.23) EPS.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, June 5th. Wall Street Zen cut HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday. Chardan Capital reiterated a “buy” rating and issued a $7.50 target price on shares of HIVE Digital Technologies in a report on Monday. Finally, B. Riley Financial boosted their price target on HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.95.

HIVE Digital Technologies Stock Performance

Shares of HIVE opened at $2.78 on Wednesday. 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 firm’s fifty day simple moving average is $3.31 and its two-hundred day simple moving average is $2.86. HIVE Digital Technologies has a 12 month low of $1.73 and a 12 month high of $7.84. The stock has a market capitalization of $746.79 million, a P/E ratio of -2.16 and a beta of 3.79.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Friday, August 14th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.33). The firm had revenue of $79.12 million for the quarter, compared to the consensus estimate of $81.72 million. HIVE Digital Technologies had a negative return on equity of 29.90% and a negative net margin of 98.49%.During the same period in the prior year, the business earned $0.18 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in shares of HIVE Digital Technologies by 1,885.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after buying an additional 9,429 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of HIVE Digital Technologies during the first quarter worth about $27,000. Ground Swell Capital LLC acquired a new stake in shares of HIVE Digital Technologies in the 4th quarter worth about $27,000. Rafferty Asset Management LLC acquired a new stake in shares of HIVE Digital Technologies in the 4th quarter worth about $28,000. Finally, State of Wyoming bought a new position in HIVE Digital Technologies in the 4th quarter valued at about $28,000. 24.42% of the stock is owned by institutional investors.

Insider Transactions at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Dave Perrill sold 175,000 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $4.69, for a total value of $820,750.00. Following the completion of the sale, the director owned 162,500 shares of the company’s stock, valued at approximately $762,125. This trade represents a 51.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan B. Mcgee sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $4.25, for a total value of $531,250.00. Following the sale, the director owned 125,000 shares of the company’s stock, valued at approximately $531,250. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 681,700 shares of company stock valued at $2,937,876 in the last 90 days.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: HIVE signed a five-year, approximately $350 million GPU cloud services agreement with an investment-grade enterprise customer. The deal is expected to generate about $70 million in annualized revenue and lift BUZZ HPC’s total annualized revenue to approximately $180 million. HIVE plans to deploy 2,016 NVIDIA Blackwell Ultra GPUs. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: Management is targeting approximately $200 million in GPU cloud annual recurring revenue, with Bitcoin-mining operations helping fund AI and high-performance computing expansion. Investors view the contract as evidence that HIVE’s power capacity, cooling technology and renewable-energy strategy may support its AI pivot. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Analysts remain constructive: Chardan reiterated a Buy rating with a $7.50 target, while Canaccord Genuity and HC Wainwright maintained Buy ratings with $10 and $7 targets, respectively. These targets imply substantial upside but depend on successful GPU-cloud execution. Chardan Capital Reiterates Buy Rating for HIVE Digital Technologies
• Neutral Sentiment: Unusually active options trading included 31,500 call options, about 46% above typical daily volume. The activity may indicate speculative bullish interest, but it does not guarantee sustained buying in the shares. HIVE Digital Technologies Target of Unusually High Options Trading
• Negative Sentiment: Investors are also digesting HIVE’s weak latest results: quarterly EPS was a loss of $0.54 versus a $0.21 loss expected, while revenue of $79.1 million fell short of the $81.7 million consensus. The company remains unprofitable, making the GPU ramp and contract execution critical.
• Negative Sentiment: Shares traded lower in premarket trading as investors took profits after the contract-driven rally and broader S&P 500 futures weakened. Technical resistance near $3 may also be limiting momentum. HIVE Digital Stock Tests $3 Resistance

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.