HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give HIVE a consensus rating of Moderate Buy (six buys, two holds, one sell) with an average 12‑month target of about $6.17.
• Several brokers have recently cut targets — Keefe Bruyette to $3.50 (from $11), Rosenblatt to $4.50, and Cantor Fitzgerald to $3.00 — while Weiss reissued a sell, signaling mixed and weakening analyst views.
• Shares opened at $2.18 and were trading down 11.7%, valuing HIVE at roughly $568 million with a 52‑week range of $1.41–$7.84; institutional investors own about 24.4% of the stock, led by Vident’s 4.33M‑share stake.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.1667.

A number of equities research analysts have weighed in on HIVE shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $3.50 target price (down from $11.00) on shares of HIVE Digital Technologies in a report on Tuesday, January 27th. Northland Securities set a $6.00 target price on HIVE Digital Technologies in a report on Wednesday, February 18th. Rosenblatt Securities reduced their price objective on HIVE Digital Technologies from $6.50 to $4.50 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reissued a "sell (d+)" rating on shares of HIVE Digital Technologies in a research note on Wednesday, January 28th. Finally, Cantor Fitzgerald reduced their price objective on HIVE Digital Technologies from $5.00 to $3.00 and set an "overweight" rating for the company in a research note on Thursday, April 9th.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in HIVE Digital Technologies by 98.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company's stock valued at $36,000 after acquiring an additional 6,956 shares during the period. Virtu Financial LLC acquired a new stake in HIVE Digital Technologies in the fourth quarter valued at approximately $78,000. Compound Planning Inc. acquired a new stake in HIVE Digital Technologies in the fourth quarter valued at approximately $36,000. Vident Advisory LLC grew its stake in HIVE Digital Technologies by 33.6% in the fourth quarter. Vident Advisory LLC now owns 4,327,141 shares of the company's stock valued at $11,164,000 after acquiring an additional 1,087,224 shares during the period. Finally, NewEdge Advisors LLC grew 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 period. Institutional investors and hedge funds own 24.42% of the company's stock.

HIVE Digital Technologies Trading Down 11.7%

Shares of HIVE stock opened at $2.18 on Friday. The company has a market cap of $567.98 million, a P/E ratio of -3.63 and a beta of 3.56. The stock has a 50 day simple moving average of $2.12 and a two-hundred day simple moving average of $3.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. HIVE Digital Technologies has a fifty-two week low of $1.41 and a fifty-two week high of $7.84.

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.

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