What is Northland Securities' Forecast for HIVE Q2 Earnings?

Key Points

• Northland Securities raised its HIVE Q2 2027 EPS forecast to a loss of $0.15 from a prior estimate of $0.19, while projecting losses of $0.14 in Q3 and $0.10 in Q4 and a $0.58 loss for FY2027.
• HIVE’s latest quarter fell short of expectations, with a $0.54-per-share loss versus the $0.21 consensus and revenue of $79.12 million versus $81.72 million expected.
• Despite continued losses, analyst sentiment remains favorable: HIVE has a “Moderate Buy” consensus rating and a $6.95 average price target, supported by optimism about its AI cloud expansion.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Equities researchers at Northland Securities increased their Q2 2027 earnings estimates for shares of HIVE Digital Technologies in a research report issued on Monday, August 17th. Northland Securities analyst M. Grondahl now forecasts that the company will post earnings of ($0.15) per share for the quarter, up from their previous estimate of ($0.19). The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.78) per share. Northland Securities also issued estimates for HIVE Digital Technologies' Q3 2027 earnings at ($0.14) EPS, Q4 2027 earnings at ($0.10) EPS and FY2027 earnings at ($0.58) EPS.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.54) earnings per share (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 firm had revenue of $79.12 million for the quarter, compared to the consensus estimate of $81.72 million. During the same quarter last year, the company earned $0.18 earnings per share.

Several other equities research analysts have also weighed in on the company. Rosenblatt Securities upped their price objective on HIVE Digital Technologies from $5.00 to $5.50 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. HC Wainwright reaffirmed a "buy" rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a report on Monday. Chardan Capital reiterated a "buy" rating and issued a $7.50 target price on shares of HIVE Digital Technologies in a research note on Monday. Canaccord Genuity Group reissued a "buy" rating and issued a $10.00 target price on shares of HIVE Digital Technologies in a report on Tuesday. Finally, UBS Group set a $8.00 price target on HIVE Digital Technologies in a research report 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, HIVE Digital Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.95.

HIVE Digital Technologies Stock Up 1.4%

HIVE stock opened at $2.82 on Thursday. The business's 50-day simple moving average is $3.29 and its 200 day simple moving average is $2.86. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.85. The company has a market cap of $773.47 million, a PE ratio of -2.19 and a beta of 3.78. HIVE Digital Technologies has a twelve month low of $1.73 and a twelve month high of $7.84.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company's stock valued at $26,000 after purchasing an additional 9,429 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter worth about $27,000. Rafferty Asset Management LLC bought a new stake in shares of HIVE Digital Technologies during the 4th quarter worth about $28,000. State of Wyoming bought a new stake in shares of HIVE Digital Technologies during the 4th quarter worth about $28,000. Finally, Verity Asset Management Inc. acquired a new position in HIVE Digital Technologies in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 24.42% of the company's stock.

Insider Activity

In related news, COO Luke Rossy sold 215,000 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $3.97, for a total value of $853,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dave Perrill sold 175,000 shares of the company's stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $4.69, for a total value of $820,750.00. Following the transaction, the director directly owned 162,500 shares of the company's stock, valued at $762,125. This represents a 51.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 781,700 shares of company stock worth $3,209,876 over the last quarter. 9.44% of the stock is currently owned by company insiders.

More HIVE Digital Technologies News

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

• Positive Sentiment: Analysts raised forward earnings forecasts. Northland Securities improved its FY2027 EPS estimate to a loss of $0.58 from a loss of $0.72, while lifting estimates for the second, third and fourth quarters of FY2027. HC Wainwright also raised its quarterly forecasts and projects a smaller FY2028 loss of $0.23 per share.
• Positive Sentiment: AI cloud growth is strengthening the investment narrative. HIVE is ramping a five-year GPU cloud contract generating approximately $70 million in annual recurring revenue and is targeting $200 million in ARR. The company plans to use Bitcoin-mining cash flow to fund AI and high-performance computing expansion. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Brokerage support remains favorable. HC Wainwright maintained a Buy rating with a $7 price target, and Canaccord Genuity reiterated Buy with a $10 target. The broader analyst view is reported as “Moderate Buy.” Canaccord Genuity Group Reiterates Buy Rating
• Neutral Sentiment: The AI deal could be transformative but execution-dependent. Coverage of HIVE’s approximately $350 million AI cloud agreement has increased investor interest, but the stock’s ability to sustain its advance depends on successfully deploying capacity and converting the contract into recurring revenue. Will New US$350 Million AI Cloud Deal Change HIVE's Narrative?
• Negative Sentiment: Insider selling adds some pressure. Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. One transaction does not establish a trend, but it can weigh on sentiment.
• Negative Sentiment: HIVE remains unprofitable. The company recently reported a quarterly EPS loss of $0.54, wider than the $0.21 analyst consensus, and revenue of $79.1 million below expectations of $81.7 million. Analysts still expect a loss for the current fiscal year, making the AI expansion plan and improving forecasts important to the valuation.

HIVE Digital Technologies Company Profile

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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