HC Wainwright Issues Optimistic Forecast for HIVE Earnings

Key Points

• HC Wainwright raised its Q2 2027 EPS estimate for HIVE Digital Technologies to a loss of $0.16 per share from $0.18 and maintained a Buy rating with a $7.00 price target. Analysts overall give the stock a “Moderate Buy” rating with an average target of $6.95.
• HIVE’s latest quarterly results fell short of expectations, with a $0.54-per-share loss versus the expected $0.21 loss and revenue of $79.1 million versus the $81.7 million consensus. Shares opened at $2.78 and were reported down 9.4%.
• The company’s growth outlook is increasingly tied to its AI infrastructure pivot, including a five-year, approximately $350 million GPU cloud agreement expected to generate $70 million in annualized revenue. However, HIVE remains unprofitable, and successful GPU deployment and contract execution are critical.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Equities researchers at HC Wainwright lifted their Q2 2027 EPS estimates for HIVE Digital Technologies in a research report issued on Monday, August 17th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of ($0.16) per share for the quarter, up from their prior forecast of ($0.18). HC Wainwright currently has a "Buy" rating and a $7.00 price target on the stock. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.78) per share. HC Wainwright also issued estimates for HIVE Digital Technologies' Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.06) EPS and FY2028 earnings at ($0.23) EPS.

Other research analysts have also issued research reports about the stock. Chardan Capital reissued a "buy" rating and set a $7.50 price objective on shares of HIVE Digital Technologies in a research note on Monday. Weiss Ratings raised HIVE Digital Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday. Keefe, Bruyette & Woods increased their price target on HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a "market perform" rating in a report on Friday, June 5th. UBS Group set a $8.00 target price on HIVE Digital Technologies in a research note on Wednesday, June 3rd. Finally, Rosenblatt Securities upped their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $6.95.

HIVE Digital Technologies Trading Down 9.4%

NASDAQ:HIVE opened at $2.78 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. HIVE Digital Technologies has a 1-year low of $1.73 and a 1-year high of $7.84. The firm has a market capitalization of $746.79 million, a price-to-earnings ratio of -2.16 and a beta of 3.79. The business's 50-day moving average price is $3.31 and its two-hundred day moving average price is $2.86.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.33). HIVE Digital Technologies had a negative return on equity of 29.90% and a negative net margin of 98.49%.The business had revenue of $79.12 million for the quarter, compared to analyst estimates of $81.72 million. During the same period in the prior year, the firm posted $0.18 EPS.

Insider Activity

In related news, COO Luke Rossy sold 215,000 shares of the company's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $3.97, for a total value of $853,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan B. Mcgee sold 125,000 shares of the business's stock in a transaction on 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 owned 125,000 shares of the company's stock, valued at $531,250. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 681,700 shares of company stock valued at $2,937,876 in the last quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HIVE. NewEdge Advisors LLC increased its stake in HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company's stock valued at $26,000 after acquiring an additional 9,429 shares during the last quarter. Private Advisor Group LLC acquired a new stake in HIVE Digital Technologies in the first quarter valued at approximately $27,000. Ground Swell Capital LLC acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at $27,000. Rafferty Asset Management LLC bought a new position in HIVE Digital Technologies in the fourth quarter valued at about $28,000. Finally, State of Wyoming acquired a new position in shares of HIVE Digital Technologies in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 24.42% of the company's stock.

More HIVE Digital Technologies News

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

• Positive Sentiment: HIVE signed a five-year, approximately $350 million GPU cloud services agreement with an investment-grade enterprise customer. The deal is expected to generate about $70 million in annualized revenue and lift BUZZ HPC’s total annualized revenue to approximately $180 million. HIVE plans to deploy 2,016 NVIDIA Blackwell Ultra GPUs. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: Management is targeting approximately $200 million in GPU cloud annual recurring revenue, with Bitcoin-mining operations helping fund AI and high-performance computing expansion. Investors view the contract as evidence that HIVE’s power capacity, cooling technology and renewable-energy strategy may support its AI pivot. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Analysts remain constructive: Chardan reiterated a Buy rating with a $7.50 target, while Canaccord Genuity and HC Wainwright maintained Buy ratings with $10 and $7 targets, respectively. These targets imply substantial upside but depend on successful GPU-cloud execution. Chardan Capital Reiterates Buy Rating for HIVE Digital Technologies
• Neutral Sentiment: Unusually active options trading included 31,500 call options, about 46% above typical daily volume. The activity may indicate speculative bullish interest, but it does not guarantee sustained buying in the shares. HIVE Digital Technologies Target of Unusually High Options Trading
• Negative Sentiment: Investors are also digesting HIVE’s weak latest results: quarterly EPS was a loss of $0.54 versus a $0.21 loss expected, while revenue of $79.1 million fell short of the $81.7 million consensus. The company remains unprofitable, making the GPU ramp and contract execution critical.
• Negative Sentiment: Shares traded lower in premarket trading as investors took profits after the contract-driven rally and broader S&P 500 futures weakened. Technical resistance near $3 may also be limiting momentum. HIVE Digital Stock Tests $3 Resistance

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.

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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