Research Analysts Set Expectations for HIVE FY2027 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – B. Riley reduced their FY2027 earnings per share (EPS) estimates for HIVE Digital Technologies in a report released on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will post earnings of $0.34 per share for the year, down from their previous forecast of $0.39. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.34) per share.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%.

HIVE has been the subject of a number of other research reports. StockNews.com upgraded shares of HIVE Digital Technologies to a “sell” rating in a report on Tuesday, January 14th. Roth Mkm assumed coverage on HIVE Digital Technologies in a research note on Thursday, December 19th. They issued a “buy” rating and a $7.50 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 target price on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. Canaccord Genuity Group lifted their price objective on HIVE Digital Technologies from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Northland Securities lifted their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $8.08.

HIVE Digital Technologies Stock Down 0.9 %

HIVE opened at $2.73 on Thursday. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month high of $5.54. The company has a market cap of $403.49 million, a PE ratio of -19.39 and a beta of 3.46. The company has a 50-day moving average price of $3.19 and a 200 day moving average price of $3.37.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HIVE. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $2,058,000. Van ECK Associates Corp boosted its holdings in HIVE Digital Technologies by 17.9% in the fourth quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company’s stock worth $13,003,000 after purchasing an additional 692,799 shares in the last quarter. 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 buying an additional 411,071 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of HIVE Digital Technologies in the fourth quarter worth about $854,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of HIVE Digital Technologies during the 4th quarter worth about $811,000. Institutional investors and hedge funds 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.