HC Wainwright Issues Pessimistic Forecast for HIVE Digital Technologies (NASDAQ:HIVE) Stock Price

HIVE Digital Technologies (NASDAQ:HIVE) had its target price decreased by equities research analysts at HC Wainwright from $6.00 to $5.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright‘s price target would suggest a potential upside of 190.70% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Chardan Capital reduced their price objective on HIVE Digital Technologies from $7.50 to $7.00 and set a “buy” rating for the company in a research note on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a research report on Monday, October 19th. Weiss Ratings raised HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 14th. Finally, Rosenblatt Securities increased their price target on HIVE Digital Technologies from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.70.

HIVE Digital Technologies Trading Down 5.0%

Shares of NASDAQ:HIVE opened at $1.72 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $475.10 million, a price-to-earnings ratio of -1.14 and a beta of 3.76. HIVE Digital Technologies has a 1-year low of $1.58 and a 1-year high of $5.34. The company has a 50 day moving average price of $2.56 and a 200 day moving average price of $2.79.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings results on Monday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $84.88 million during the quarter, compared to the consensus estimate of $79.44 million. HIVE Digital Technologies had a negative net margin of 118.13% and a negative return on equity of 40.74%. On average, research analysts anticipate that HIVE Digital Technologies will post -0.66 EPS for the current fiscal year.

Insider Activity

In related news, Director Dave Perrill sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $2.75, for a total value of $34,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On HIVE Digital Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIVE. Situational Awareness LP raised its stake in HIVE Digital Technologies by 169.3% during the 2nd quarter. Situational Awareness LP now owns 9,133,726 shares of the company’s stock valued at $33,247,000 after purchasing an additional 5,742,179 shares during the period. Acasta Partners UK LLP purchased a new stake in shares of HIVE Digital Technologies in the second quarter valued at $3,640,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of HIVE Digital Technologies in the second quarter valued at $2,730,000. Empowered Funds LLC acquired a new stake in shares of HIVE Digital Technologies in the first quarter worth $1,934,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of HIVE Digital Technologies by 8.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 398,871 shares of the company’s stock worth $1,452,000 after buying an additional 29,641 shares during the period. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

Key HIVE Digital Technologies News

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

• Positive Sentiment: HIVE says it is targeting $45 million in annual AI revenue from its Sweden data center, adding a sizable growth opportunity beyond Bitcoin mining. Bitcoin Miner HIVE Targets USD 45 Million Annual AI Revenue From Sweden Data Center
• Positive Sentiment: Fiscal Q2 revenue was $84.9 million, above the cited analyst estimate of $79.4 million. AI/GPU and HPC business growth of roughly 70% and an 85% increase in adjusted EBITDA point to progress in diversifying revenue; HIVE also reported $139 million in cash. HIVE Q2 Results
• Positive Sentiment: The company added 79 Bitcoin in Q3, bringing its treasury to 269 BTC—potentially benefiting if Bitcoin prices rise. HIVE Digital adds 79 Bitcoin in Q3
• Neutral Sentiment: Chardan Capital kept a Buy rating but lowered its price target from $7.50 to $7.00, a mixed signal on near-term expectations. Chardan Capital rating
• Negative Sentiment: Despite beating revenue estimates, HIVE reported a quarterly loss. One earnings report put EPS at a loss of $0.29 versus the cited $0.16 expected, while another reported a smaller loss; the differing figures make the earnings picture less clear. HIVE Digital Technologies Q2 Loss Widens

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd. is a digital infrastructure company focused on cryptocurrency mining and high-performance computing. Its operations include data centers that support Bitcoin mining, as well as computing services for applications such as artificial intelligence and other data-intensive workloads. Founded in 2017 as HIVE Blockchain Technologies, the company initially focused on mining digital assets, including Ethereum. It has since expanded its emphasis on Bitcoin mining and high-performance computing.