B. Riley Analysts Boost Earnings Estimates for HIVE

Key Points

• Analysts at B. Riley have increased their Q2 2026 earnings estimate for HIVE Digital Technologies to ($0.01) per share, improving from a previous estimate of ($0.08).
• The current investment sentiment has shifted, with HIVE Digital Technologies receiving multiple upgrades, including a shift from "strong sell" to "hold" by Wall Street Zen and a price target increase to $10.00 by Canaccord Genuity Group.
• For the most recent quarter, HIVE Digital Technologies reported earnings of ($0.06) per share, slightly beating consensus expectations, with revenue coming in at $45.61 million.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Analysts at B. Riley lifted their Q2 2026 earnings per share estimates for HIVE Digital Technologies in a research report issued to clients and investors on Monday, August 25th. B. Riley analyst N. Giles now expects that the company will earn ($0.01) per share for the quarter, up from their prior estimate of ($0.08). The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.32) per share. B. Riley also issued estimates for HIVE Digital Technologies' Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.04 EPS, FY2026 earnings at $0.24 EPS and FY2027 earnings at $0.16 EPS.

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

A number of other brokerages have also issued reports on HIVE. Cantor Fitzgerald boosted their price target on HIVE Digital Technologies from $5.00 to $5.50 and gave the company an "overweight" rating in a report on Friday, June 27th. Canaccord Genuity Group boosted their price target on HIVE Digital Technologies from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded HIVE Digital Technologies from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research upgraded HIVE Digital Technologies to a "hold" rating in a report on Friday, August 8th. Finally, Rosenblatt Securities lowered their price target on HIVE Digital Technologies from $5.50 to $5.00 and set a "buy" rating for the company in a report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, HIVE Digital Technologies presently has a consensus rating of "Buy" and a consensus price target of $6.93.

HIVE Digital Technologies Trading Up 0.3%

Shares of HIVE traded up $0.01 during mid-day trading on Wednesday, reaching $2.95. 26,608,443 shares of the company's stock traded hands, compared to its average volume of 16,759,986. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.42. The stock has a market cap of $679.33 million, a P/E ratio of -14.75 and a beta of 3.44. The stock's 50-day moving average is $2.25 and its two-hundred day moving average is $1.98. HIVE Digital Technologies has a 12 month low of $1.26 and a 12 month high of $5.54.

Institutional Trading of HIVE Digital Technologies

A number of hedge funds have recently bought and sold shares of HIVE. LPL Financial LLC purchased a new stake in HIVE Digital Technologies during the fourth quarter worth $54,000. Wells Fargo & Company MN lifted its holdings in HIVE Digital Technologies by 60.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company's stock worth $44,000 after buying an additional 5,800 shares during the period. Invesco Ltd. lifted its holdings in HIVE Digital Technologies by 12.8% during the fourth quarter. Invesco Ltd. now owns 101,092 shares of the company's stock worth $288,000 after buying an additional 11,458 shares during the period. Stifel Financial Corp purchased a new stake in HIVE Digital Technologies during the fourth quarter worth $223,000. Finally, Oxford Asset Management LLP purchased a new stake in HIVE Digital Technologies during the fourth quarter worth $201,000. Hedge funds and other institutional investors own 24.42% of the company's stock.

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.