HC Wainwright Comments on HIVE Digital Technologies Ltd.’s Q1 2025 Earnings (NASDAQ:HIVE)

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Research analysts at HC Wainwright raised their Q1 2025 EPS estimates for HIVE Digital Technologies in a report issued on Wednesday, June 26th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($0.15) per share for the quarter, up from their previous estimate of ($0.25). HC Wainwright has a “Neutral” rating and a $3.50 price target on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.39) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.14) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.55) EPS.

Other research analysts have also recently issued reports about the company. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research note on Sunday, June 9th. Canaccord Genuity Group reissued a “buy” rating and set a $6.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, June 26th.

HIVE Digital Technologies Stock Down 2.5 %

Shares of HIVE opened at $3.14 on Monday. HIVE Digital Technologies has a 1 year low of $2.18 and a 1 year high of $6.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.77 and a quick ratio of 6.77. The stock has a 50 day simple moving average of $2.77 and a two-hundred day simple moving average of $3.31. The firm has a market cap of $367.63 million, a P/E ratio of -5.32 and a beta of 3.51.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Monday, June 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $36.88 million during the quarter, compared to analysts’ expectations of $39.70 million. HIVE Digital Technologies had a negative return on equity of 28.52% and a negative net margin of 44.73%.

Institutional Investors Weigh In On HIVE Digital Technologies

Large investors have recently made changes to their positions in the business. Sloy Dahl & Holst LLC purchased a new stake in HIVE Digital Technologies in the first quarter worth $41,000. Atria Wealth Solutions Inc. purchased a new position in shares of HIVE Digital Technologies in the 4th quarter valued at approximately $45,000. Scotia Capital Inc. bought a new stake in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $64,000. Chesapeake Capital Corp IL purchased a new stake in HIVE Digital Technologies in the fourth quarter worth $92,000. Finally, Baader Bank Aktiengesellschaft bought a new position in HIVE Digital Technologies in the fourth quarter worth $100,000. 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.