HC Wainwright Has Bullish Estimate for HIVE Q2 Earnings

Key Points

• HC Wainwright updated its Q2 2026 earnings per share estimate for HIVE Digital Technologies to ($0.01), an improvement from the previous estimate of ($0.03), while maintaining a "Buy" rating and a price target of $6.00.
• The company reported Q2 earnings of (0.06) EPS, exceeding expectations of (0.08) EPS, and generated $45.61 million in revenue against a forecast of $45.16 million.
• Overall, HIVE Digital Technologies has received a mix of ratings from analysts, with an average target price of $6.67 and a majority recommending a "Buy".

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - HC Wainwright upped their Q2 2026 earnings per share estimates for shares of HIVE Digital Technologies in a report issued on Monday, August 18th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn ($0.01) per share for the quarter, up from their prior forecast of ($0.03). HC Wainwright has a "Buy" rating and a $6.00 price objective on the stock. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.32) per share. HC Wainwright also issued estimates for HIVE Digital Technologies' Q4 2026 earnings at $0.17 EPS and FY2026 earnings at $0.39 EPS.

Several other equities analysts have also commented on HIVE. Zacks Research upgraded HIVE Digital Technologies to a "hold" rating in a research report on Friday, August 8th. Wall Street Zen upgraded HIVE Digital Technologies from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Canaccord Genuity Group increased their price objective on HIVE Digital Technologies from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday. Rosenblatt Securities reduced their price target on HIVE Digital Technologies from $5.50 to $5.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Finally, Cantor Fitzgerald raised their price target on HIVE Digital Technologies from $5.00 to $5.50 and gave the stock an "overweight" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.83.

HIVE Digital Technologies Price Performance

Shares of HIVE Digital Technologies stock traded up $0.19 during trading on Wednesday, hitting $2.52. 16,988,845 shares of the stock traded hands, compared to its average volume of 17,632,638. The company has a quick ratio of 3.72, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. The stock has a market cap of $577.94 million, a price-to-earnings ratio of -12.60 and a beta of 3.41. The firm's fifty day moving average is $2.14 and its 200-day moving average is $1.99. HIVE Digital Technologies has a 52 week low of $1.26 and a 52 week high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $45.61 million for the quarter, compared to analyst estimates of $45.16 million. HIVE Digital Technologies had a negative return on equity of 17.39% and a negative net margin of 17.47%.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of large investors have recently made changes to their positions in HIVE. Vident Advisory LLC grew its position in shares of HIVE Digital Technologies by 53.0% in the 2nd quarter. Vident Advisory LLC now owns 3,766,446 shares of the company's stock worth $6,780,000 after buying an additional 1,305,057 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HIVE Digital Technologies by 104.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,793,562 shares of the company's stock worth $3,233,000 after buying an additional 915,105 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of HIVE Digital Technologies by 332.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 962,677 shares of the company's stock worth $2,744,000 after buying an additional 740,247 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of HIVE Digital Technologies by 87.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company's stock worth $2,006,000 after buying an additional 647,159 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of HIVE Digital Technologies by 328.2% in the 1st 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. 24.42% of the stock is currently owned by institutional investors.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.