What is Northland Securities' Forecast for HIVE Q3 Earnings?

Key Points

• Northland Securities raised its Q3 2027 EPS forecast for HIVE to a loss of $0.13 per share from a previously projected loss of $0.14, and expects a $0.09-per-share loss in Q4 2027.
• In its latest reported quarter, HIVE posted a loss of $0.29 per share, missing the consensus estimate of a $0.16 loss, while revenue of $84.88 million topped expectations of $79.44 million.
• Several analysts cut their price targets, though most retained Buy ratings; MarketBeat reports a “Moderate Buy” consensus rating and a $5.90 consensus target.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Stock analysts at Northland Securities lifted their Q3 2027 EPS estimates for HIVE Digital Technologies in a report released on Tuesday, November 10th. Northland Securities analyst M. Grondahl now expects that the company will post earnings per share of ($0.13) for the quarter, up from their previous forecast of ($0.14). The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.66) per share. Northland Securities also issued estimates for HIVE Digital Technologies' Q4 2027 earnings at ($0.09) EPS.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its quarterly earnings results 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 for 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%.

HIVE has been the topic of several other research reports. B. Riley Financial dropped their target price on HIVE Digital Technologies from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Wednesday. Canaccord Genuity Group cut their price target on HIVE Digital Technologies from $10.00 to $6.00 and set a "buy" rating for the company in a report on Thursday. Rosenblatt Securities reduced 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. Weiss Ratings reiterated a "sell (d)" rating on shares of HIVE Digital Technologies in a research note on Thursday. Finally, HC Wainwright decreased their price objective on HIVE Digital Technologies from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

HIVE Digital Technologies Stock Down 5.7%

HIVE Digital Technologies 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 firm has a market capitalization of $456.59 million, a price-to-earnings ratio of -1.09 and a beta of 3.76. The company has a current ratio of 1.55, a quick ratio of 1.96 and a debt-to-equity ratio of 0.98. The firm has a 50 day simple moving average of $2.52 and a 200 day simple moving average of $2.77.

Institutional Trading of HIVE Digital Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Verity Asset Management Inc. purchased a new position in shares of HIVE Digital Technologies during the 2nd quarter valued at $44,000. StoneX Group Inc. bought a new position in shares of HIVE Digital Technologies in the third quarter worth $40,000. Private Advisor Group LLC bought a new position in shares of HIVE Digital Technologies in the first quarter worth $27,000. Kellett Wealth Advisors LLC raised its position in shares of HIVE Digital Technologies by 80.0% in the third quarter. Kellett Wealth Advisors LLC now owns 18,000 shares of the company's stock worth $53,000 after buying an additional 8,000 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of HIVE Digital Technologies in the third quarter worth $54,000. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Dave Perrill sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $2.72, for a total transaction of $272,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.44% of the company's stock.

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
• Negative Sentiment: HC Wainwright cut EPS estimates across several quarters through FY2028, lowering its FY2028 forecast to a loss of $0.33 per share from $0.23. The firm retained a Buy rating, but the weaker outlook may weigh on sentiment.
• 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

HIVE Digital Technologies Company Profile

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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