Rosenblatt Securities Forecasts Strong Price Appreciation for HIVE Digital Technologies (NASDAQ:HIVE) Stock

HIVE Digital Technologies (NASDAQ:HIVE) had its price objective raised by stock analysts at Rosenblatt Securities from $5.50 to $6.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price points to a potential upside of 105.62% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Weiss Ratings upgraded HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Chardan Capital reissued a “buy” rating and issued a $7.50 price objective on shares of HIVE Digital Technologies in a research note on Monday. Keefe, Bruyette & Woods increased their target price on HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a report on Friday, June 5th. B. Riley Financial raised their target price 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. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, HIVE Digital Technologies presently has an average rating of “Moderate Buy” and an average target price of $7.00.

HIVE Digital Technologies Price Performance

NASDAQ:HIVE opened at $2.92 on Thursday. The firm has a market cap of $800.35 million, a PE ratio of -2.30 and a beta of 3.78. HIVE Digital Technologies has a 12 month low of $1.73 and a 12 month high of $7.84. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $3.29 and its two-hundred day moving average price is $2.86.

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

Insider Buying and Selling at HIVE Digital Technologies

In other news, Director Susan B. Mcgee sold 125,000 shares of HIVE Digital Technologies 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 completion of the sale, the director directly owned 125,000 shares in the company, valued at approximately $531,250. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dave Perrill sold 175,000 shares of the 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 sale, the director directly owned 162,500 shares in the company, valued at $762,125. This represents a 51.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 781,700 shares of company stock valued at $3,209,876 in the last ninety days. 9.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HIVE Digital Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Verity Asset Management Inc. bought a new position in HIVE Digital Technologies in the second quarter valued at approximately $44,000. Stillwater Private Wealth LLC acquired a new position in shares of HIVE Digital Technologies during the 2nd quarter worth $54,000. Heck Capital Advisors LLC bought a new stake in shares of HIVE Digital Technologies during the 2nd quarter worth $67,000. Hennion & Walsh Asset Management Inc. boosted its stake in HIVE Digital Technologies by 8.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 398,871 shares of the company’s stock valued at $1,452,000 after buying an additional 29,641 shares in the last quarter. Finally, Acasta Partners UK LLP acquired a new stake in HIVE Digital Technologies in the second quarter valued at about $3,640,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

Key HIVE Digital Technologies News

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.

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.