B. Riley Has Optimistic Outlook of HIVE FY2025 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Equities researchers at B. Riley boosted their FY2025 earnings per share estimates for HIVE Digital Technologies in a research note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of ($0.32) for the year, up from their previous 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.

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

HIVE has been the subject of several other research reports. HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a report on Tuesday, December 3rd. 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 note on Thursday, November 14th. Northland Securities increased their price target on 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, Roth Mkm assumed coverage on HIVE Digital Technologies in a research note on Thursday. They set a “buy” rating and a $7.50 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $7.42.

HIVE Digital Technologies Stock Performance

Shares of HIVE Digital Technologies stock opened at $3.13 on Monday. The company has a market capitalization of $429.75 million, a PE ratio of -22.36 and a beta of 3.39. The company has a 50-day simple moving average of $3.97 and a two-hundred day simple moving average of $3.47. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56.

Hedge Funds Weigh In On HIVE Digital Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of HIVE. Lifeworks Advisors LLC purchased a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in HIVE Digital Technologies during the second quarter valued at $36,000. Gladstone Institutional Advisory LLC acquired a new position in HIVE Digital Technologies during the third quarter valued at $44,000. Quadrature Capital Ltd purchased a new stake in HIVE Digital Technologies in the third quarter valued at $50,000. Finally, Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at about $120,000. 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.