HIVE Digital Technologies (NASDAQ:HIVE) Shares Up 8.2% on Analyst Upgrade

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shot up 8.2% on Thursday after Rosenblatt Securities raised their price target on the stock from $5.50 to $6.00. Rosenblatt Securities currently has a buy rating on the stock. HIVE Digital Technologies traded as high as $3.05 and last traded at $3.0520. Approximately 11,008,479 shares traded hands during trading, a decline of 43% from the average session volume of 19,367,652 shares. The stock had previously closed at $2.82.

A number of other research analysts have also weighed in on HIVE. Weiss Ratings upgraded shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Wall Street Zen cut HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Keefe, Bruyette & Woods boosted their target price on 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 restated a “buy” rating and set a $10.00 price target on shares of HIVE Digital Technologies in a report on Tuesday. Finally, UBS Group set a $8.00 price target on HIVE Digital Technologies in a research report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Insider Buying and Selling at HIVE Digital Technologies

In related news, Director Susan B. Mcgee sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $4.25, for a total transaction of $531,250.00. Following the completion of the sale, the director directly owned 125,000 shares of the company’s stock, valued at approximately $531,250. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Luke Rossy sold 215,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $3.97, for a total value of $853,550.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 781,700 shares of company stock worth $3,209,876 over the last 90 days. Company insiders own 9.44% of the company’s stock.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: Analysts raised forward earnings estimates. Northland Securities improved its FY2027 EPS forecast to a loss of $0.58 from $0.72 and raised estimates for the second, third and fourth quarters. HC Wainwright also raised its quarterly forecasts and projects a smaller FY2028 loss of $0.23 per share.
• Positive Sentiment: AI cloud ambitions are strengthening HIVE’s growth story. The company is ramping a five-year GPU cloud contract expected to generate roughly $70 million in annual recurring revenue and is targeting $200 million of ARR. HIVE plans to use cash flow from Bitcoin mining to fund AI and high-performance-computing expansion. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Analyst sentiment remains favorable. HC Wainwright maintained a Buy rating and $7 price target, while Canaccord Genuity reiterated its Buy rating with a $10 target. The overall analyst consensus is “Moderate Buy,” with an average target near $6.95. Canaccord Genuity Group Reiterates Buy Rating
• Neutral Sentiment: The approximately $350 million AI cloud opportunity remains execution-dependent. Investors are reassessing HIVE’s identity as it expands beyond cryptocurrency mining, but the valuation depends on deploying capacity and converting the agreement into recurring revenue. Will New US$350 Million AI Cloud Deal Change HIVE’s Narrative?
• Negative Sentiment: Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. The transaction may weigh on sentiment, particularly because he also sold 175,000 shares in June.
• Negative Sentiment: Recent operating results remain weak. HIVE reported a quarterly loss of $0.54 per share, substantially worse than the $0.21 consensus estimate, while revenue of $79.1 million missed expectations of $81.7 million. Analysts still expect a loss for the current fiscal year.

Institutional Trading of HIVE Digital Technologies

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

HIVE Digital Technologies Stock Up 8.3%

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.96. The business has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $2.86. The firm has a market capitalization of $837.93 million, a price-to-earnings ratio of -2.36 and a beta of 3.78.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.33). The business had revenue of $79.12 million during the quarter, compared to analyst estimates of $81.72 million. HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 31.98%. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, equities analysts expect that HIVE Digital Technologies Ltd. will post -0.78 EPS for the current year.

HIVE Digital Technologies Company Profile

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.