HIVE Digital Technologies (NASDAQ:HIVE) Earns "Buy" Rating from HC Wainwright

Key Points

• HC Wainwright reaffirmed a “Buy” rating on HIVE Digital Technologies with a $7.00 price target, implying approximately 123% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with an average target of $6.95.
• HIVE shares rose 16.5% to $3.13, but the company’s latest quarterly results missed expectations, posting a $0.54 loss per share versus a projected $0.21 loss and revenue of $79.12 million versus estimates of $81.72 million.
• HIVE is expanding beyond cryptocurrency mining into AI infrastructure: its BUZZ HPC subsidiary signed a five-year, approximately $350 million GPU cloud contract expected to generate $70 million in annualized revenue, though execution, financing and ongoing losses remain risks.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report)'s stock had its "buy" rating restated by investment analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They currently have a $7.00 price objective on the stock. HC Wainwright's price target would suggest a potential upside of 123.29% from the company's previous close.

A number of other research firms have also recently commented on HIVE. Wall Street Zen cut HIVE Digital Technologies from a "sell" rating to a "strong sell" rating in a research note on Sunday, July 12th. Cantor Fitzgerald set a $7.00 price target on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Chardan Capital started coverage on shares of HIVE Digital Technologies in a research note on Monday, July 27th. They set a "buy" rating and a $7.50 price objective for the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $10.00 target price on shares of HIVE Digital Technologies in a report on Friday, June 5th. Finally, Rosenblatt Securities raised their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HIVE Digital Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $6.95.

HIVE Digital Technologies Stock Up 16.5%

Shares of HIVE traded up $0.45 on Monday, reaching $3.13. The stock had a trading volume of 45,524,223 shares, compared to its average volume of 19,137,555. The company has a 50-day simple moving average of $3.34 and a 200-day simple moving average of $2.86. The firm has a market capitalization of $842.16 million, a price-to-earnings ratio of -2.43 and a beta of 3.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 1.10. HIVE Digital Technologies has a 12-month low of $1.73 and a 12-month high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.33). HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 29.90%. The business had revenue of $79.12 million for the quarter, compared to analysts' expectations of $81.72 million. During the same period last year, the business earned $0.18 earnings per share. Sell-side analysts predict that HIVE Digital Technologies will post -0.78 EPS for the current year.

Insider Transactions at HIVE Digital Technologies

In other news, COO Luke Rossy sold 215,000 shares of HIVE Digital Technologies stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this link. Also, Director Dave Perrill sold 175,000 shares of the business's stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $4.69, for a total transaction of $820,750.00. Following the transaction, the director directly owned 162,500 shares of the company's stock, valued at $762,125. The trade was a 51.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 681,700 shares of company stock worth $2,937,876 over the last three months.

Hedge Funds Weigh In On HIVE Digital Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in HIVE Digital Technologies by 1,885.8% during 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 bought a new stake in shares of HIVE Digital Technologies during the 1st quarter valued at about $27,000. Ground Swell Capital LLC purchased a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at about $27,000. Rafferty Asset Management LLC purchased a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at about $28,000. Finally, State of Wyoming bought a new position in shares of HIVE Digital Technologies in the 4th quarter worth approximately $28,000. 24.42% of the stock is owned by institutional investors.

HIVE Digital Technologies News Roundup

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

• Positive Sentiment: HIVE’s BUZZ High Performance Computing subsidiary signed a five-year GPU cloud services agreement with an investment-grade enterprise customer valued at approximately $350 million. The contract is expected to generate about $70 million in annualized revenue and lift BUZZ HPC’s total annualized revenue to roughly $180 million. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: The agreement reportedly involves delivering 2,016 Nvidia Blackwell Ultra GPUs, giving investors greater visibility into HIVE’s computing capacity and recurring AI-related revenue. HIVE Digital to deliver 2,016 Nvidia Blackwell Ultra GPUs in five-year deal
• Positive Sentiment: The contract reinforces HIVE’s strategy of expanding into AI and GPU cloud services, potentially reducing reliance on volatile cryptocurrency-mining revenue. The announcement drove strong premarket and midday buying interest. HIVE Digital Technologies Soars on GPU Cloud Contract
• Neutral Sentiment: HIVE recently reported a 74% year-over-year revenue increase for fiscal first-quarter 2027, suggesting accelerating business activity, although investors will likely focus on whether the new AI contract translates into sustained profitability. HIVE reports 74% revenue jump in fiscal Q1 2027 earnings
• Negative Sentiment: The company’s latest quarterly results missed consensus expectations, with a wider-than-expected per-share loss and revenue below estimates. HIVE also remains unprofitable, so execution costs, GPU deployment requirements and financing needs remain risks.

HIVE Digital Technologies Company Profile

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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