HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Receives $6.95 Consensus Price Target from Brokerages

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.00.

Several research analysts recently weighed in on HIVE shares. Keefe, Bruyette & Woods boosted their price target on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a report on Friday, June 5th. Rosenblatt Securities upped 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. Wall Street Zen lowered shares of HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Cantor Fitzgerald set a $7.00 target price on shares of HIVE Digital Technologies in a research report on Thursday, June 4th. Finally, UBS Group set a $8.00 target price on HIVE Digital Technologies in a research note on Wednesday, June 3rd.

Insider Buying and Selling

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $2.72, for a total value of $272,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Luke Rossy sold 215,000 shares of the company’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. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 781,700 shares of company stock worth $3,209,876. 9.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in HIVE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of HIVE Digital Technologies by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company’s stock worth $1,283,000 after buying an additional 137,651 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in HIVE Digital Technologies by 328.2% during the first quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company’s stock worth $755,000 after buying an additional 399,223 shares during the last quarter. Geode Capital Management LLC increased its holdings in HIVE Digital Technologies by 11.0% during the second quarter. Geode Capital Management LLC now owns 1,296,531 shares of the company’s stock worth $2,334,000 after buying an additional 128,760 shares during the last quarter. JPMorgan Chase & Co. raised its position in HIVE Digital Technologies by 397,216.0% in the second quarter. JPMorgan Chase & Co. now owns 397,316 shares of the company’s stock worth $715,000 after acquiring an additional 397,216 shares during the period. Finally, Franklin Resources Inc. raised its position in HIVE Digital Technologies by 232.8% in the second quarter. Franklin Resources Inc. now owns 62,061 shares of the company’s stock worth $112,000 after acquiring an additional 43,413 shares during the period. 24.42% of the stock is owned by hedge funds and other institutional investors.

HIVE Digital Technologies Price Performance

HIVE opened at $3.03 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.10. The company has a market capitalization of $831.07 million, a price-to-earnings ratio of -2.35 and a beta of 3.78. The firm’s fifty day moving average price is $3.27 and its two-hundred day moving average price is $2.86. HIVE Digital Technologies has a 1 year low of $1.73 and a 1 year high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its earnings results on Friday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.33). The firm had revenue of $79.12 million during the quarter, compared to the consensus estimate of $81.72 million. HIVE Digital Technologies had a negative return on equity of 31.98% and a negative net margin of 98.49%.During the same quarter in the previous year, the company earned $0.18 EPS. As a group, analysts anticipate that HIVE Digital Technologies will post -0.61 earnings per share for the current fiscal year.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: Rosenblatt raised its price target. Rosenblatt Securities increased its target from $5.50 to $6.00 and maintained a “Buy” rating, implying significant potential upside from recent trading levels. Rosenblatt price target report
• Positive Sentiment: HC Wainwright remains bullish. The firm reiterated a “Buy” rating and a $7.00 price target while forecasting a narrower FY2027 loss of $0.50 per share. HC Wainwright forecast for HIVE
• Positive Sentiment: Northland improved its earnings outlook. Northland Securities raised its FY2027 EPS forecast to a loss of $0.58 from $0.72 and also upgraded its estimates for the second, third and fourth quarters of FY2027, suggesting expectations for improving profitability.
• Positive Sentiment: Analyst sentiment is broadly favorable. Canaccord Genuity reiterated its “Buy” rating, while the overall analyst consensus is reported as “Moderate Buy.” Coverage continues to focus on HIVE’s expansion beyond cryptocurrency mining into AI and high-performance-computing infrastructure. Canaccord Buy rating
• Neutral Sentiment: AI infrastructure offers a potential catalyst, but execution remains important. Reports highlight HIVE’s approximately $350 million GPU cloud opportunity and plans to use mining cash flow to fund expansion. Investors will likely look for evidence that the agreement converts into recurring revenue and improves margins. $350 million reason to buy HIVE
• Negative Sentiment: Director selling may pressure sentiment. Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. The sale follows an earlier disposal of 175,000 shares in June, potentially raising investor concerns about insider confidence.
• Negative Sentiment: HIVE’s latest results were weaker than expected. The company reported a quarterly loss of $0.54 per share versus the $0.21 consensus estimate, while revenue of $79.1 million fell short of expectations of $81.7 million. HIVE remains unprofitable, making successful AI expansion critical to supporting its valuation.

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.