Chardan Capital Reaffirms Buy Rating for HIVE Digital Technologies (NASDAQ:HIVE)

Key Points

• Chardan Capital reaffirmed its Buy rating on HIVE Digital Technologies and set a $7.50 price target, implying roughly 142% upside from the previous close.
• Analyst sentiment remains favorable, with seven Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with an average target of $6.95.
• HIVE shares rose 15.2% to $3.10, despite the company reporting a larger-than-expected quarterly loss and revenue below analyst estimates.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report)'s stock had its "buy" rating reaffirmed by Chardan Capital in a research note issued on Monday,Benzinga reports. They presently have a $7.50 target price on the stock. Chardan Capital's target price would suggest a potential upside of 141.94% from the company's previous close.

A number of other research analysts have also recently commented on the company. UBS Group set a $8.00 target price on HIVE Digital Technologies in a research note on Wednesday, June 3rd. Keefe, Bruyette & Woods boosted their target price on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the company a "market perform" rating in a research note on Friday, June 5th. B. Riley Financial upped their price target on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $7.00 price target on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Finally, HC Wainwright reissued a "buy" rating and issued a $7.00 price objective on shares of HIVE Digital Technologies in a research report on Monday. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.95.

HIVE Digital Technologies Trading Up 15.2%

Shares of NASDAQ:HIVE traded up $0.41 during trading on Monday, hitting $3.10. The company had a trading volume of 48,365,461 shares, compared to its average volume of 19,146,875. The stock has a market cap of $832.75 million, a price-to-earnings ratio of -2.40 and a beta of 3.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.10. The company has a fifty day simple moving average of $3.34 and a two-hundred day simple moving average of $2.86. HIVE Digital Technologies has a one year low of $1.73 and a one year high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released its quarterly earnings results 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 net margin of 98.49% and a negative return on equity of 29.90%. The company had revenue of $79.12 million for the quarter, compared to analysts' expectations of $81.72 million. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, equities analysts forecast that HIVE Digital Technologies will post -0.78 earnings per share for the current year.

Insider Activity at HIVE Digital Technologies

In related news, Director Susan B. Mcgee sold 125,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $531,250. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Luke Rossy sold 215,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $3.97, for a total transaction of $853,550.00. The SEC filing for this sale provides additional information. Insiders sold 681,700 shares of company stock worth $2,937,876 over the last three months.

Hedge Funds Weigh In On HIVE Digital Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in shares of HIVE Digital Technologies by 1,885.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company's stock worth $26,000 after buying an additional 9,429 shares during the period. Ground Swell Capital LLC purchased a new position in HIVE Digital Technologies in the 4th quarter worth $27,000. Rafferty Asset Management LLC acquired a new stake in HIVE Digital Technologies during the 4th quarter worth about $28,000. State of Wyoming acquired a new stake in HIVE Digital Technologies during the 4th quarter worth about $28,000. Finally, Verity Asset Management Inc. purchased a new stake in HIVE Digital Technologies during the 2nd quarter valued at about $44,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

HIVE Digital Technologies News Summary

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

• Positive Sentiment: HIVE’s BUZZ High Performance Computing subsidiary signed a five-year GPU cloud services agreement with an investment-grade enterprise customer valued at approximately $350 million. The contract is expected to generate about $70 million in annualized revenue and lift BUZZ HPC’s total annualized revenue to roughly $180 million. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: The agreement reportedly involves delivering 2,016 Nvidia Blackwell Ultra GPUs, giving investors greater visibility into HIVE’s computing capacity and recurring AI-related revenue. HIVE Digital to deliver 2,016 Nvidia Blackwell Ultra GPUs in five-year deal
• Positive Sentiment: The contract reinforces HIVE’s strategy of expanding into AI and GPU cloud services, potentially reducing reliance on volatile cryptocurrency-mining revenue. The announcement drove strong premarket and midday buying interest. HIVE Digital Technologies Soars on GPU Cloud Contract
• Neutral Sentiment: HIVE recently reported a 74% year-over-year revenue increase for fiscal first-quarter 2027, suggesting accelerating business activity, although investors will likely focus on whether the new AI contract translates into sustained profitability. HIVE reports 74% revenue jump in fiscal Q1 2027 earnings
• Negative Sentiment: The company’s latest quarterly results missed consensus expectations, with a wider-than-expected per-share loss and revenue below estimates. HIVE also remains unprofitable, so execution costs, GPU deployment requirements and financing needs remain risks.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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