HIVE Digital Technologies (NASDAQ:HIVE) Shares Gap Down – Should You Sell?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.38, but opened at $4.11. HIVE Digital Technologies shares last traded at $4.2670, with a volume of 11,892,390 shares traded.

Key HIVE Digital Technologies News

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

• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $10.00 price target, implying significant upside from current levels. Benzinga
• Positive Sentiment: Northland Securities raised several forward EPS estimates, suggesting a slightly improved outlook for HIVE Digital Technologies’ business trajectory. Tickerreport.com
• Positive Sentiment: HC Wainwright also maintained a Buy rating and $7.00 price target, indicating analysts still see value in the shares despite recent losses. MarketBeat
• Neutral Sentiment: Analyst estimates remain negative overall for FY2027, with both Northland and HC Wainwright forecasting losses, though their full-year views vary. MarketBeat
• Negative Sentiment: HC Wainwright cut some near-term earnings estimates, including Q1 and Q2 2027, which points to softer expectations for profitability. MarketBeat
• Negative Sentiment: The company’s recent earnings report missed both EPS and revenue expectations, reinforcing concerns about execution and margins. MarketBeat

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a report on Friday. Rosenblatt Securities lifted their target price on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a report on Wednesday. New Street Research set a $5.00 target price on shares of HIVE Digital Technologies in a report on Thursday, February 19th. B. Riley Financial lifted their target price on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Northland Securities set a $6.00 target price on shares of HIVE Digital Technologies in a report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

HIVE Digital Technologies Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $996.97 million, a PE ratio of -6.73 and a beta of 3.74. The firm’s fifty day moving average price is $2.90 and its two-hundred day moving average price is $2.77.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The firm had revenue of $71.82 million for the quarter, compared to analysts’ expectations of $79.99 million. HIVE Digital Technologies had a negative net margin of 49.21% and a negative return on equity of 23.12%. As a group, equities research analysts forecast that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current year.

Insiders Place Their Bets

In related news, COO Luke Rossy sold 66,700 shares of HIVE Digital Technologies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $4.57, for a total value of $304,819.00. Following the sale, the chief operating officer owned 215,000 shares of the company’s stock, valued at approximately $982,550. This trade represents a 23.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan B. Mcgee sold 16,700 shares of HIVE Digital Technologies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $4.45, for a total transaction of $74,315.00. Following the completion of the sale, the director directly owned 208,300 shares in the company, valued at $926,935. This represents a 7.42% decrease in their position. The SEC filing for this sale provides additional information. 9.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. ACT Wealth Management LLC grew its stake in HIVE Digital Technologies by 33.3% in the 4th quarter. ACT Wealth Management LLC now owns 16,000 shares of the company’s stock valued at $41,000 after acquiring an additional 4,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in HIVE Digital Technologies by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,801 shares of the company’s stock valued at $519,000 after acquiring an additional 4,351 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in HIVE Digital Technologies by 21.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,388 shares of the company’s stock valued at $102,000 after acquiring an additional 4,472 shares during the period. SBI Securities Co. Ltd. grew its stake in HIVE Digital Technologies by 23.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 26,148 shares of the company’s stock valued at $67,000 after acquiring an additional 4,964 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in HIVE Digital Technologies by 98.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company’s stock valued at $36,000 after acquiring an additional 6,956 shares during the period. Institutional investors and hedge funds own 24.42% of the company’s stock.

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.