Roth Capital Analysts Increase Earnings Estimates for HIVE

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Stock analysts at Roth Capital lifted their FY2026 earnings per share estimates for shares of HIVE Digital Technologies in a research report issued to clients and investors on Wednesday, July 9th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of $0.06 for the year, up from their previous estimate 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.

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

Several other equities research analysts have also issued reports on the stock. Rosenblatt Securities reduced their price objective on HIVE Digital Technologies from $5.50 to $5.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Wall Street Zen raised shares of HIVE Digital Technologies to a "sell" rating in a research report on Saturday, May 17th. 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 research note on Friday, June 27th. HC Wainwright cut their target price 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. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $6.57.

HIVE Digital Technologies Price Performance

Shares of NASDAQ HIVE remained flat at $2.30 on Friday. 34,440,322 shares of the company's stock traded hands, compared to its average volume of 13,076,345. HIVE Digital Technologies has a 12 month low of $1.26 and a 12 month high of $5.54. The stock has a market cap of $492.90 million, a P/E ratio of -6.39 and a beta of 3.40. The company has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $2.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.72 and a quick ratio of 3.72.

Institutional Trading of HIVE Digital Technologies

A number of institutional investors have recently made changes to their positions in HIVE. Tidal Investments LLC lifted its position in shares of HIVE Digital Technologies by 5.0% during the 4th quarter. Tidal Investments LLC now owns 4,210,339 shares of the company's stock valued at $11,999,000 after acquiring an additional 200,024 shares during the period. Vident Advisory LLC boosted its holdings in HIVE Digital Technologies by 26.1% in the fourth quarter. Vident Advisory LLC now owns 2,831,492 shares of the company's stock worth $8,072,000 after acquiring an additional 585,511 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HIVE Digital Technologies by 87.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company's stock valued at $2,006,000 after purchasing an additional 647,159 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of HIVE Digital Technologies by 332.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 962,677 shares of the company's stock worth $2,744,000 after purchasing an additional 740,247 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in HIVE Digital Technologies by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company's stock worth $1,283,000 after buying an additional 137,651 shares during the period. 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.