HIVE Digital Technologies (NASDAQ:HIVE) Trading Down 11.2% – Should You Sell?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) dropped 11.2% during trading on Friday . The stock traded as low as $3.93 and last traded at $3.8820. Approximately 4,935,986 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 17,101,668 shares. The stock had previously closed at $4.37.

Key Headlines Impacting HIVE Digital Technologies

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

• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating on HIVE and set a $10 price target, implying significant upside from current levels. Canaccord Genuity Reaffirms Buy Rating on HIVE Digital Technologies
• Positive Sentiment: Northland Securities raised earnings estimates for several upcoming HIVE quarters and FY2027, signaling improving expectations for the company’s profitability outlook. Northland Securities Raises HIVE Digital Technologies EPS Estimates
• Positive Sentiment: HC Wainwright maintained a Buy rating and a $7 price target, reinforcing bullish sentiment from analysts even as their earnings forecasts were adjusted. HC Wainwright Maintains Buy Rating on HIVE Digital Technologies
• Neutral Sentiment: HIVE’s recent earnings presentation and related coverage kept attention on its 158% revenue growth and its push into AI infrastructure, which may support the long-term growth story. HIVE Digital Technologies Q4 2026 Results Presentation
• Negative Sentiment: Despite growth, investors remain focused on HIVE’s net loss and the challenge of converting revenue gains into earnings, which has weighed on sentiment. HIVE Stock Revenue Soars Amid Net Loss
• Negative Sentiment: One analyst note specifically said the stock was lower as investors took profits after a strong multi-month rally, suggesting some near-term cooling after the run-up. Analyst Says Market Is Missing HIVE’s Biggest Growth Engine

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. New Street Research set a $5.00 price objective on shares of HIVE Digital Technologies in a research note on Thursday, February 19th. Rosenblatt Securities upped their target price on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Wednesday. B. Riley Financial upped their target price on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of HIVE Digital Technologies in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

HIVE Digital Technologies Price Performance

The company has a market cap of $987.72 million, a P/E ratio of -6.65 and a beta of 3.74. The stock has a 50-day simple moving average of $2.86 and a 200 day simple moving average of $2.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 1.10.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The firm had revenue of $71.82 million for the quarter, compared to the consensus estimate of $79.99 million. HIVE Digital Technologies had a negative net margin of 49.21% and a negative return on equity of 23.12%. On average, equities analysts expect that HIVE Digital Technologies Ltd. will post -0.65 EPS for the current year.

Institutional Investors Weigh In On HIVE Digital Technologies

Several institutional investors and hedge funds have recently bought and sold shares of HIVE. Millennium Management LLC raised its stake in shares of HIVE Digital Technologies by 58.1% in the 4th quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock valued at $17,804,000 after buying an additional 2,536,135 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of HIVE Digital Technologies by 29.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,187,363 shares of the company’s stock valued at $13,383,000 after acquiring an additional 1,193,991 shares in the last quarter. Tidal Investments LLC increased its stake in HIVE Digital Technologies by 15.4% in the third quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock valued at $19,228,000 after acquiring an additional 637,679 shares during the period. Two Sigma Investments LP bought a new stake in HIVE Digital Technologies in the third quarter valued at about $17,584,000. Finally, Vident Advisory LLC raised its position in HIVE Digital Technologies by 33.6% in the fourth quarter. Vident Advisory LLC now owns 4,327,141 shares of the company’s stock worth $11,164,000 after purchasing an additional 1,087,224 shares in the last quarter. Institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.