Research Analysts Issue Forecasts for HIVE FY2027 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Stock analysts at B. Riley decreased their FY2027 EPS estimates for HIVE Digital Technologies in a report released on Wednesday, February 12th. B. Riley analyst N. Giles now expects that the company will post earnings per share of $0.34 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 posted its earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%.

Several other equities analysts have also recently commented on HIVE. Canaccord Genuity Group boosted their price objective on shares of HIVE Digital Technologies from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods started coverage on shares of HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an “outperform” rating for the company. Roth Capital raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Northland Securities boosted their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.08.

HIVE Digital Technologies Price Performance

HIVE opened at $2.85 on Thursday. The firm has a 50-day moving average price of $3.14 and a 200-day moving average price of $3.36. The company has a market capitalization of $422.00 million, a price-to-earnings ratio of -20.36 and a beta of 3.46. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month high of $5.54. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of hedge funds have recently made changes to their positions in HIVE. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of HIVE Digital Technologies in the 4th quarter worth approximately $2,058,000. Van ECK Associates Corp lifted its holdings in shares of HIVE Digital Technologies by 17.9% in the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company’s stock worth $13,003,000 after acquiring an additional 692,799 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HIVE Digital Technologies by 126.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company’s stock worth $2,098,000 after acquiring an additional 411,071 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of HIVE Digital Technologies in the 4th quarter worth approximately $854,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of HIVE Digital Technologies in the 4th quarter worth approximately $811,000. 24.42% of the stock is currently owned by institutional investors.

HIVE Digital Technologies Company Profile

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.