HIVE Digital Technologies (NASDAQ:HIVE) Director Susan Mcgee Sells 16,700 Shares

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Susan Mcgee sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $4.45, for a total value of $74,315.00. Following the transaction, the director directly owned 208,300 shares of the company’s stock, valued at $926,935. The trade was a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

HIVE Digital Technologies Trading Down 13.7%

HIVE opened at $3.77 on Friday. The business has a 50 day simple moving average of $2.90 and a two-hundred day simple moving average of $2.77. The firm has a market capitalization of $996.97 million, a price-to-earnings ratio of -6.73 and a beta of 3.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.74. HIVE Digital Technologies Ltd. has a one year low of $1.60 and a one year high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business 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%. Analysts predict that HIVE Digital Technologies Ltd. will post -0.74 EPS for the current year.

More HIVE Digital Technologies News

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

• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $10.00 price target, implying significant upside from current levels. Benzinga
• Positive Sentiment: Northland Securities raised several forward EPS estimates, suggesting a slightly improved outlook for HIVE Digital Technologies’ business trajectory. Tickerreport.com
• Positive Sentiment: HC Wainwright also maintained a Buy rating and $7.00 price target, indicating analysts still see value in the shares despite recent losses. MarketBeat
• Neutral Sentiment: Analyst estimates remain negative overall for FY2027, with both Northland and HC Wainwright forecasting losses, though their full-year views vary. MarketBeat
• Negative Sentiment: HC Wainwright cut some near-term earnings estimates, including Q1 and Q2 2027, which points to softer expectations for profitability. MarketBeat
• Negative Sentiment: The company’s recent earnings report missed both EPS and revenue expectations, reinforcing concerns about execution and margins. MarketBeat

Analysts Set New Price Targets

A number of research firms have weighed in on HIVE. UBS Group set a $8.00 target price on HIVE Digital Technologies in a report on Wednesday. New Street Research set a $5.00 target price on HIVE Digital Technologies in a report on Thursday, February 19th. B. Riley Financial upped their target price on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. Northland Securities set a $6.00 target price on HIVE Digital Technologies in a report on Wednesday, February 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a report on Friday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HIVE. Bastion Asset Management Inc. purchased a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $1,175,000. Alight Capital Management LP purchased a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $1,310,000. UBS Group AG grew its stake in shares of HIVE Digital Technologies by 3,992.2% in the 4th quarter. UBS Group AG now owns 929,390 shares of the company’s stock worth $2,398,000 after buying an additional 906,679 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of HIVE Digital Technologies by 94.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 338,142 shares of the company’s stock worth $872,000 after buying an additional 164,495 shares during the last quarter. Finally, ACT Wealth Management LLC grew its stake in shares of HIVE Digital Technologies by 33.3% in the 4th quarter. ACT Wealth Management LLC now owns 16,000 shares of the company’s stock worth $41,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other 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.