HIVE Stock Earnings Estimates Decreased by HC Wainwright

Key Points

• HC Wainwright cut its Q3 2027 EPS estimate for HIVE to a loss of $0.15 per share from a loss of $0.09, while maintaining a Buy rating and $5 price target.
• HIVE reported a quarterly loss of $0.29 per share, worse than analysts’ expected $0.16 loss, although revenue of $84.88 million topped expectations of $79.44 million.
• Several analysts lowered their price targets, but most retained Buy ratings; HIVE has a “Moderate Buy” consensus rating and an average target of $5.90.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Investment analysts at HC Wainwright lowered their Q3 2027 earnings per share (EPS) estimates for HIVE Digital Technologies in a research report issued to clients and investors on Wednesday, November 11th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn ($0.15) per share for the quarter, down from their prior estimate of ($0.09). HC Wainwright has a "Buy" rating and a $5.00 price objective on the stock. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.66) per share. HC Wainwright also issued estimates for HIVE Digital Technologies' Q4 2027 earnings at ($0.11) EPS, Q1 2028 earnings at ($0.09) EPS, Q2 2028 earnings at ($0.08) EPS, Q3 2028 earnings at ($0.07) EPS, Q4 2028 earnings at ($0.08) EPS and FY2028 earnings at ($0.33) EPS.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.13). The business had revenue of $84.88 million during the quarter, compared to analysts' expectations of $79.44 million. HIVE Digital Technologies had a negative net margin of 118.13% and a negative return on equity of 43.76%.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley Financial dropped their price target on shares of HIVE Digital Technologies from $8.00 to $5.00 and set a "buy" rating on the stock in a research note on Wednesday. Canaccord Genuity Group reduced their price objective on shares of HIVE Digital Technologies from $10.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of HIVE Digital Technologies in a research note on Thursday. Rosenblatt Securities dropped their price target on HIVE Digital Technologies from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Chardan Capital cut their price objective on shares of HIVE Digital Technologies from $7.50 to $7.00 and set a "buy" rating for the company in a research report on Tuesday. Six equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.90.

HIVE Digital Technologies Trading Down 5.7%

Shares of HIVE stock opened at $1.65 on Friday. HIVE Digital Technologies has a 1-year low of $1.58 and a 1-year high of $5.34. The company has a market cap of $456.59 million, a price-to-earnings ratio of -1.09 and a beta of 3.76. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.55 and a quick ratio of 1.96. The stock has a 50 day simple moving average of $2.52 and a 200-day simple moving average of $2.77.

Insider Activity at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the business's stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HIVE. Situational Awareness LP acquired a new position in HIVE Digital Technologies during the 1st quarter worth $6,444,000. BTG Pactual Asset Management US LLC acquired a new stake in HIVE Digital Technologies in the 2nd quarter valued at about $2,730,000. Acasta Partners UK LLP acquired a new stake in HIVE Digital Technologies in the 2nd quarter valued at about $3,640,000. Empowered Funds LLC purchased a new position in shares of HIVE Digital Technologies in the 1st quarter valued at about $1,934,000. Finally, Engineers Gate Manager LP purchased a new position in shares of HIVE Digital Technologies in the 2nd quarter valued at about $628,000. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

Latest HIVE Digital Technologies News

Investors following HIVE have been watching these news items:

• Positive Sentiment: HIVE secured a Bell GPU contract valued at $225 million over three years, or about $75 million annually, supporting its effort to grow beyond cryptocurrency mining. HIVE Digital Technologies lands $225 million Bell GPU deal
• Neutral Sentiment: Northland Securities modestly improved its Q3 and Q4 2027 EPS forecasts, though it still expects HIVE to report losses. HIVE analyst coverage
• Negative Sentiment: Several firms reduced price targets while maintaining Buy ratings: Canaccord lowered its target to $6 from $10, Rosenblatt to $5 from $6, and B. Riley to $5 from $8. Canaccord lowers HIVE price target Rosenblatt lowers HIVE price target

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.

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