HC Wainwright Has Positive Outlook for HIVE FY2025 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Stock analysts at HC Wainwright raised their FY2025 EPS estimates for shares of HIVE Digital Technologies in a report issued on Thursday, November 14th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.33) per share for the year, up from their previous estimate of ($0.35). HC Wainwright currently has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.27) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q4 2025 earnings at ($0.07) EPS and Q4 2026 earnings at $0.03 EPS.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $22.65 million for the quarter, compared to the consensus estimate 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 in the previous year, the company posted ($0.29) earnings per share.

A number of other research analysts also recently commented on the stock. Northland Capmk raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research report on Thursday, September 19th. Northland Securities boosted their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Cantor Fitzgerald assumed coverage on HIVE Digital Technologies in a report on Tuesday, October 29th. They set an “overweight” rating and a $9.00 price objective for the company. Finally, Canaccord Genuity Group lifted their price objective on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.40.

HIVE Digital Technologies Trading Down 2.5 %

NASDAQ:HIVE opened at $4.32 on Monday. The stock’s 50-day moving average is $3.57 and its two-hundred day moving average is $3.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 7.35. The stock has a market cap of $547.91 million, a PE ratio of -30.85 and a beta of 3.43. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.74.

Hedge Funds Weigh In On HIVE Digital Technologies

Several hedge funds have recently bought and sold shares of the business. Vident Advisory LLC increased its holdings in shares of HIVE Digital Technologies by 78.6% during the 1st quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock valued at $5,856,000 after acquiring an additional 764,387 shares during the last quarter. Van ECK Associates Corp grew its holdings in HIVE Digital Technologies by 35.4% during the second quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company’s stock valued at $11,995,000 after purchasing an additional 1,018,231 shares during the last quarter. Impact Partnership Wealth LLC raised its position in shares of HIVE Digital Technologies by 202.4% in the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock valued at $151,000 after purchasing an additional 32,760 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HIVE Digital Technologies in the second quarter worth $36,000. Finally, Gladstone Institutional Advisory LLC acquired a new position in HIVE Digital Technologies in the 3rd quarter valued at $44,000. 24.42% of the stock is owned by institutional investors and hedge funds.

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.