HIVE Digital Technologies (NASDAQ:HIVE) Stock Gets Price Target Reduction from HC Wainwright

HIVE Digital Technologies (NASDAQ:HIVE) had its price target decreased by research analysts at HC Wainwright from $6.00 to $5.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright‘s price objective points to a potential upside of 190.70% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. Chardan Capital cut their price target on HIVE Digital Technologies from $7.50 to $7.00 and set a “buy” rating for the company in a research note on Tuesday. Rosenblatt Securities boosted their price objective on shares of HIVE Digital Technologies from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price objective on shares of HIVE Digital Technologies in a research note 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 report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.70.

HIVE Digital Technologies Price Performance

HIVE stock opened at $1.72 on Wednesday. The company has a market cap of $475.10 million, a price-to-earnings ratio of -1.14 and a beta of 3.76. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $2.56 and a 200-day moving average of $2.79. HIVE Digital Technologies has a 12-month low of $1.58 and a 12-month high of $5.34.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The firm had revenue of $84.88 million for the quarter, compared to analyst estimates of $79.44 million. HIVE Digital Technologies had a negative return on equity of 40.74% and a negative net margin of 118.13%. As a group, equities analysts expect that HIVE Digital Technologies will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling at HIVE Digital Technologies

In related news, Director Dave Perrill sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $2.72, for a total value of $272,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of HIVE Digital Technologies

Institutional investors have recently modified their holdings of the company. Situational Awareness LP lifted its holdings in shares of HIVE Digital Technologies by 169.3% during the 2nd quarter. Situational Awareness LP now owns 9,133,726 shares of the company’s stock valued at $33,247,000 after acquiring an additional 5,742,179 shares in the last quarter. Acasta Partners UK LLP bought a new stake in shares of HIVE Digital Technologies in the 2nd quarter worth about $3,640,000. BTG Pactual Asset Management US LLC acquired a new stake in HIVE Digital Technologies during the second quarter valued at approximately $2,730,000. Empowered Funds LLC bought a new stake in HIVE Digital Technologies during the first quarter valued at $1,934,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in HIVE Digital Technologies by 8.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 398,871 shares of the company’s stock worth $1,452,000 after acquiring an additional 29,641 shares during the period. Hedge funds and other institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies News Summary

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

• Positive Sentiment: HIVE says it is targeting $45 million in annual AI revenue from its Sweden data center, adding a sizable growth opportunity beyond Bitcoin mining. Bitcoin Miner HIVE Targets USD 45 Million Annual AI Revenue From Sweden Data Center
• Positive Sentiment: Fiscal Q2 revenue was $84.9 million, above the cited analyst estimate of $79.4 million. AI/GPU and HPC business growth of roughly 70% and an 85% increase in adjusted EBITDA point to progress in diversifying revenue; HIVE also reported $139 million in cash. HIVE Q2 Results
• Positive Sentiment: The company added 79 Bitcoin in Q3, bringing its treasury to 269 BTC—potentially benefiting if Bitcoin prices rise. HIVE Digital adds 79 Bitcoin in Q3
• Neutral Sentiment: Chardan Capital kept a Buy rating but lowered its price target from $7.50 to $7.00, a mixed signal on near-term expectations. Chardan Capital rating
• Negative Sentiment: Despite beating revenue estimates, HIVE reported a quarterly loss. One earnings report put EPS at a loss of $0.29 versus the cited $0.16 expected, while another reported a smaller loss; the differing figures make the earnings picture less clear. HIVE Digital Technologies Q2 Loss Widens

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.