Roth Capital Has Strong Estimate for HIVE FY2026 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Research analysts at Roth Capital raised their FY2026 earnings per share (EPS) estimates for shares of HIVE Digital Technologies in a note issued to investors on Wednesday, July 9th. Roth Capital analyst D. Aftahi now anticipates that the company will earn $0.06 per share for the year, up from their previous forecast of $0.05. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.32) per share. Roth Capital also issued estimates for HIVE Digital Technologies' FY2028 earnings at $0.08 EPS.

Several other brokerages have also commented on HIVE. Wall Street Zen upgraded shares of HIVE Digital Technologies to a "sell" rating in a research note on Saturday, May 17th. Cantor Fitzgerald increased their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company an "overweight" rating in a research note on Friday, June 27th. Canaccord Genuity Group reissued a "buy" rating and issued a $9.00 price target on shares of HIVE Digital Technologies in a research report on Thursday, July 3rd. Rosenblatt Securities reduced their price target on shares of HIVE Digital Technologies from $5.50 to $5.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Finally, HC Wainwright reduced their price target on shares of HIVE Digital Technologies from $9.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, HIVE Digital Technologies presently has an average rating of "Buy" and a consensus price target of $6.57.

HIVE Digital Technologies Stock Down 0.9%

Shares of HIVE traded down $0.02 during midday trading on Friday, hitting $2.30. The company had a trading volume of 23,974,624 shares, compared to its average volume of 9,186,330. The company's 50-day simple moving average is $1.93 and its 200-day simple moving average is $2.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a market capitalization of $492.89 million, a P/E ratio of -6.39 and a beta of 3.40. HIVE Digital Technologies has a 1 year low of $1.26 and a 1 year high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.20). HIVE Digital Technologies had a negative net margin of 48.65% and a negative return on equity of 20.30%. The firm had revenue of $31.16 million during the quarter, compared to analysts' expectations of $31.47 million.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in HIVE Digital Technologies by 126.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company's stock worth $2,098,000 after purchasing an additional 411,071 shares during the last quarter. Chesapeake Capital Corp IL acquired a new position in shares of HIVE Digital Technologies during the fourth quarter worth $94,000. Quantbot Technologies LP acquired a new stake in shares of HIVE Digital Technologies during the fourth quarter valued at about $854,000. Plancorp LLC grew its stake in shares of HIVE Digital Technologies by 90.5% during the fourth quarter. Plancorp LLC now owns 20,000 shares of the company's stock valued at $57,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at approximately $232,000. 24.42% of the stock is owned by institutional investors and hedge funds.

HIVE Digital Technologies Company Profile

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.