B. Riley Has Positive Estimate for HIVE FY2025 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Stock analysts at B. Riley boosted their FY2025 earnings estimates for HIVE Digital Technologies in a research note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.32) per share for the year, up from their prior estimate of ($0.33). The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.33) per share. B. Riley also issued estimates for HIVE Digital Technologies’ Q4 2025 earnings at ($0.07) EPS and FY2027 earnings at $0.39 EPS.

Several other equities analysts have also recently commented on the company. Canaccord Genuity Group boosted their target price on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, December 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Roth Mkm assumed coverage on shares of HIVE Digital Technologies in a research report on Thursday, December 19th. They set a “buy” rating and a $7.50 target price for the company. Finally, StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, HIVE Digital Technologies presently has a consensus rating of “Buy” and an average price target of $7.42.

HIVE Digital Technologies Trading Up 5.4 %

HIVE Digital Technologies stock opened at $3.13 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.74. The stock has a market cap of $429.75 million, a P/E ratio of -22.36 and a beta of 3.39. The firm’s fifty day moving average price is $3.97 and its 200-day moving average price is $3.47.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The business had revenue of $22.65 million for the quarter, compared to analysts’ expectations of $25.32 million. During the same period in the prior year, the company posted ($0.29) EPS.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of hedge funds have recently made changes to their positions in HIVE. Lifeworks Advisors LLC bought a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at $35,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of HIVE Digital Technologies during the second quarter valued at about $36,000. Gladstone Institutional Advisory LLC purchased a new position in shares of HIVE Digital Technologies in the third quarter worth about $44,000. Quadrature Capital Ltd purchased a new position in shares of HIVE Digital Technologies in the third quarter worth about $50,000. Finally, Wellington Management Group LLP bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at about $120,000. 24.42% of the stock is currently owned by institutional investors.

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.