HIVE Digital Technologies (NASDAQ:HIVE) Price Target Raised to $6.00

Key Points

• Rosenblatt Securities raised HIVE Digital Technologies’ price target to $6.00 from $5.50 and maintained a Buy rating, implying more than 105% upside. The analyst consensus remains “Moderate Buy,” with an average target near $7.00.
• HIVE’s expansion into AI and high-performance computing is strengthening its growth outlook, including a GPU cloud contract expected to generate about $70 million in annual recurring revenue and a longer-term target of $200 million in ARR.
• Recent results remain weak: HIVE reported a $0.54 quarterly loss per share versus the expected $0.21 loss, while revenue missed estimates. Insiders also sold approximately 781,700 shares in the last quarter, adding a potential sentiment headwind.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) had its target price upped by stock analysts at Rosenblatt Securities from $5.50 to $6.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Rosenblatt Securities' target price suggests a potential upside of 105.62% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Chardan Capital reaffirmed a "buy" rating and set a $7.50 price target on shares of HIVE Digital Technologies in a report on Monday. Cantor Fitzgerald set a $7.00 target price on shares of HIVE Digital Technologies in a research report on Thursday, June 4th. Canaccord Genuity Group restated a "buy" rating and issued a $10.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday. Wall Street Zen cut shares of HIVE Digital Technologies from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. Finally, B. Riley Financial lifted their price target on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a "buy" rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.00.

HIVE Digital Technologies Stock Performance

HIVE Digital Technologies stock opened at $2.92 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.10. HIVE Digital Technologies has a 12 month low of $1.73 and a 12 month high of $7.84. The company has a market cap of $800.35 million, a price-to-earnings ratio of -2.30 and a beta of 3.78. The stock's 50-day moving average is $3.29 and its 200-day moving average is $2.86.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued 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 net margin of 98.49% and a negative return on equity of 31.98%. The business had revenue of $79.12 million during the quarter, compared to analysts' expectations of $81.72 million. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts anticipate that HIVE Digital Technologies will post -0.78 earnings per share for the current year.

Insider Buying and Selling at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Susan B. Mcgee sold 125,000 shares of the firm's stock in a transaction that occurred on Friday, June 19th. The stock was 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 in the company, valued at approximately $531,250. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dave Perrill sold 175,000 shares of HIVE Digital Technologies stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $4.69, for a total value of $820,750.00. Following the sale, the director directly owned 162,500 shares in the company, valued at $762,125. The trade was a 51.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 781,700 shares of company stock valued at $3,209,876 in the last quarter. Corporate insiders own 9.44% of the company's stock.

Institutional Investors Weigh In On HIVE Digital Technologies

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

Key Headlines Impacting HIVE Digital Technologies

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

• Positive Sentiment: Analysts raised forward earnings estimates. Northland Securities improved its FY2027 EPS forecast to a loss of $0.58 from $0.72 and raised estimates for the second, third and fourth quarters. HC Wainwright also raised its quarterly forecasts and projects a smaller FY2028 loss of $0.23 per share.
• Positive Sentiment: AI cloud ambitions are strengthening HIVE’s growth story. The company is ramping a five-year GPU cloud contract expected to generate roughly $70 million in annual recurring revenue and is targeting $200 million of ARR. HIVE plans to use cash flow from Bitcoin mining to fund AI and high-performance-computing expansion. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Analyst sentiment remains favorable. HC Wainwright maintained a Buy rating and $7 price target, while Canaccord Genuity reiterated its Buy rating with a $10 target. The overall analyst consensus is “Moderate Buy,” with an average target near $6.95. Canaccord Genuity Group Reiterates Buy Rating
• Neutral Sentiment: The approximately $350 million AI cloud opportunity remains execution-dependent. Investors are reassessing HIVE’s identity as it expands beyond cryptocurrency mining, but the valuation depends on deploying capacity and converting the agreement into recurring revenue. Will New US$350 Million AI Cloud Deal Change HIVE’s Narrative?
• Negative Sentiment: Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. The transaction may weigh on sentiment, particularly because he also sold 175,000 shares in June.
• Negative Sentiment: Recent operating results remain weak. HIVE reported a quarterly loss of $0.54 per share, substantially worse than the $0.21 consensus estimate, while revenue of $79.1 million missed expectations of $81.7 million. Analysts still expect a loss for the current fiscal year.

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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