What is Northland Securities’ Estimate for HIVE Q3 Earnings?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Stock analysts at Northland Securities upped their Q3 2027 earnings per share (EPS) estimates for HIVE Digital Technologies in a research report issued on Tuesday, November 10th. Northland Securities analyst M. Grondahl now expects that the company will post earnings of ($0.13) per share for the quarter, up from their previous estimate of ($0.14). The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.66) per share. Northland Securities also issued estimates for HIVE Digital Technologies’ Q4 2027 earnings at ($0.09) EPS.

HIVE has been the subject of several other reports. Canaccord Genuity Group dropped their target price on shares of HIVE Digital Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday. Rosenblatt Securities decreased their price target on shares of HIVE Digital Technologies from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday. Chardan Capital lowered their price objective on shares of HIVE Digital Technologies from $7.50 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HIVE Digital Technologies in a report on Thursday. Finally, B. Riley Financial dropped their price objective on shares of HIVE Digital Technologies from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

HIVE Digital Technologies Trading Down 5.7%

Shares of HIVE opened at $1.65 on Friday. The firm’s 50 day simple moving average is $2.52 and its 200 day simple moving average is $2.77. The company has a market capitalization of $456.59 million, a P/E ratio of -1.09 and a beta of 3.76. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.55 and a quick ratio of 1.96. HIVE Digital Technologies has a 1-year low of $1.58 and a 1-year high of $5.34.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Monday, November 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $84.88 million during the quarter, compared to the consensus estimate of $79.44 million. HIVE Digital Technologies had a negative return on equity of 43.76% and a negative net margin of 118.13%.

Insider Buying and Selling

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $2.72, for a total value of $272,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HIVE. Private Advisor Group LLC purchased a new position in shares of HIVE Digital Technologies in the first quarter worth about $27,000. Stillwater Private Wealth LLC bought a new stake in shares of HIVE Digital Technologies in the 1st quarter valued at about $38,000. StoneX Group Inc. bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at about $40,000. Verity Asset Management Inc. purchased a new stake in HIVE Digital Technologies during the 2nd quarter valued at about $44,000. Finally, Kellett Wealth Advisors LLC boosted its holdings in HIVE Digital Technologies by 80.0% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 18,000 shares of the company’s stock valued at $53,000 after acquiring an additional 8,000 shares during the period. 24.42% of the stock is owned by institutional investors.

Key Stories Impacting HIVE Digital Technologies

Investors following HIVE have been watching these stories:

• Positive Sentiment: HIVE secured a Bell GPU contract valued at $225 million over three years, or about $75 million annually, supporting its effort to grow beyond cryptocurrency mining. HIVE Digital Technologies lands $225 million Bell GPU deal
• Positive Sentiment: The company is targeting a $500 million annual revenue run rate by early 2027. Its reported Q2 revenue was $84.9 million, with AI GPU revenue up 71%, providing a potential growth driver. HIVE sets $500 million annual revenue run-rate goal
• Negative Sentiment: Several firms reduced price targets while maintaining Buy ratings: Canaccord lowered its target to $6 from $10, Rosenblatt to $5 from $6, and B. Riley to $5 from $8. Canaccord lowers HIVE price target Rosenblatt lowers HIVE price target

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd. is a digital infrastructure company focused on cryptocurrency mining and high-performance computing. Its operations include data centers that support Bitcoin mining, as well as computing services for applications such as artificial intelligence and other data-intensive workloads. Founded in 2017 as HIVE Blockchain Technologies, the company initially focused on mining digital assets, including Ethereum. It has since expanded its emphasis on Bitcoin mining and high-performance computing.