What is Northland Capmk's Forecast for HIVE Q3 Earnings?

Key Points

• Northland Capital Markets has revised its Q3 2026 earnings per share estimate for HIVE Digital Technologies down to $0.01, from a previous estimate of $0.02.
• HIVE Digital Technologies recently reported earnings of ($0.06) per share, exceeding the consensus estimate of ($0.08), with revenues of $45.61 million.
• The stock has received various analyst ratings, with an average rating of "Buy" and a target price of $6.67.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Equities research analysts at Northland Capmk lowered their Q3 2026 earnings estimates for shares of HIVE Digital Technologies in a report released on Tuesday, August 19th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.02. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.32) per share.

Several other equities analysts have also issued reports on the company. Zacks Research raised HIVE Digital Technologies to a "hold" rating in a research report on Friday, August 8th. Rosenblatt Securities decreased their target price on 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. Wall Street Zen raised HIVE Digital Technologies from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Canaccord Genuity Group boosted their target price on HIVE Digital Technologies from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, HC Wainwright decreased their target price on 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $6.83.

HIVE Digital Technologies Stock Up 8.2%

Shares of HIVE traded up $0.19 during trading hours on Wednesday, hitting $2.52. The company had a trading volume of 16,988,845 shares, compared to its average volume of 17,632,638. The firm has a fifty day moving average price of $2.14 and a 200-day moving average price of $1.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.72 and a current ratio of 3.42. The stock has a market capitalization of $577.94 million, a price-to-earnings ratio of -12.60 and a beta of 3.41. HIVE Digital Technologies has a 52-week low of $1.26 and a 52-week high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced 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. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%. The firm had revenue of $45.61 million for the quarter, compared to analysts' expectations of $45.16 million.

Institutional Investors Weigh In On HIVE Digital Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at about $26,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of HIVE Digital Technologies during the 1st quarter valued at about $31,000. Zhang Financial LLC purchased a new stake in shares of HIVE Digital Technologies during the 1st quarter valued at about $33,000. Caitong International Asset Management Co. Ltd grew its stake in shares of HIVE Digital Technologies by 3,966.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 24,845 shares of the company's stock valued at $36,000 after acquiring an additional 24,234 shares during the period. Finally, Ethos Financial Group LLC bought a new position in shares of HIVE Digital Technologies during the 2nd quarter valued at approximately $36,000. 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.