HIVE Digital Technologies (NASDAQ:HIVE) Stock Gets Price Target Cut from Rosenblatt Securities

HIVE Digital Technologies (NASDAQ:HIVE) had its price target trimmed by Rosenblatt Securities from $6.00 to $5.00 in a research note published on Thursday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also commented on HIVE. Chardan Capital reduced their price objective on HIVE Digital Technologies from $7.50 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 10th. Weiss Ratings upgraded HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 14th. B. Riley Financial cut their price target on HIVE Digital Technologies from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a research report on Monday, October 19th. Finally, HC Wainwright reduced their price target on HIVE Digital Technologies from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

HIVE Digital Technologies Stock Performance

HIVE stock traded down $0.08 during trading on Thursday, reaching $1.57. The stock had a trading volume of 9,935,818 shares, compared to its average volume of 11,536,388. The firm has a market cap of $434.45 million, a PE ratio of -1.04 and a beta of 3.76. The company has a current ratio of 1.55, a quick ratio of 1.96 and a debt-to-equity ratio of 0.98. The stock’s 50 day moving average is $2.49 and its two-hundred day moving average is $2.76. HIVE Digital Technologies has a 52 week low of $1.51 and a 52 week high of $5.34.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings results on Monday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). HIVE Digital Technologies had a negative net margin of 118.13% and a negative return on equity of 43.76%. The firm had revenue of $84.88 million for the quarter, compared to the consensus estimate of $79.44 million. As a group, equities analysts anticipate that HIVE Digital Technologies will post -0.66 earnings per share for the current year.

Insider Buying and Selling at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.44% of the stock is currently owned by insiders.

Institutional Trading of HIVE Digital Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its holdings in HIVE Digital Technologies by 35.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,476 shares of the company’s stock valued at $64,000 after buying an additional 4,877 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of HIVE Digital Technologies by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 416,690 shares of the company’s stock worth $1,229,000 after acquiring an additional 7,772 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in shares of HIVE Digital Technologies by 80.0% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 18,000 shares of the company’s stock worth $53,000 after acquiring an additional 8,000 shares in the last quarter. Verity Asset Management Inc. purchased a new stake in shares of HIVE Digital Technologies during the 2nd quarter worth approximately $44,000. Finally, StoneX Group Inc. bought a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at approximately $40,000. 24.42% of the stock is currently owned by institutional investors.

Key HIVE Digital Technologies News

Investors following HIVE have been watching these news items:

• Positive Sentiment: The company is targeting a $500 million annual revenue run rate by early 2027. Separately, a report said quarterly revenue reached $84.9 million and AI GPU revenue grew 71%, supporting the case for expansion beyond crypto mining. Article: Hive sets $500 million annual revenue run-rate goal for early 2027 Article: HIVE Digital Technologies: Q2 Revenue Reaches $84.9 Million As AI GPU Revenue Grows 71%
• Neutral Sentiment: Northland Securities modestly improved its Q3 and Q4 2027 EPS forecasts, though it still expects losses. This limited positive revision contrasts with broader reductions from HC Wainwright.
• Negative Sentiment: Canaccord cut its price target to $6 from $10, while Rosenblatt lowered its target to $5 from $6. Both firms retained Buy ratings, but the reduced targets may weigh on sentiment.

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.