HIVE Digital Technologies’ (HIVE) “Buy” Rating Reaffirmed at Canaccord Genuity Group

HIVE Digital Technologies (NASDAQ:HIVE)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $10.00 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 158.06% from the stock’s previous close.

HIVE has been the subject of several other reports. Northland Securities set a $6.00 target price on HIVE Digital Technologies in a research report on Wednesday, February 18th. B. Riley Financial lifted their price target on HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday. HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of HIVE Digital Technologies in a research report on Friday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of HIVE Digital Technologies in a research note on Monday, May 11th. Six research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.75.

HIVE Digital Technologies Price Performance

NASDAQ:HIVE traded down $0.50 during trading hours on Friday, hitting $3.88. The stock had a trading volume of 9,527,379 shares, compared to its average volume of 17,140,854. The company has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.76. 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 has a one year low of $1.60 and a one year high of $7.84. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.96 and a beta of 3.74.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HIVE. NewEdge Advisors LLC increased its holdings in shares of HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after buying an additional 9,429 shares during the period. Ground Swell Capital LLC purchased a new stake in HIVE Digital Technologies during the 4th quarter valued at about $27,000. Private Advisor Group LLC bought a new position in HIVE Digital Technologies during the 1st quarter worth approximately $27,000. Rafferty Asset Management LLC bought a new position in HIVE Digital Technologies during the 4th quarter worth approximately $28,000. Finally, State of Wyoming purchased a new position in HIVE Digital Technologies in the 4th quarter worth approximately $28,000. 24.42% of the stock is owned by institutional investors.

HIVE Digital Technologies News Roundup

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

• Positive Sentiment: Northland Securities and HC Wainwright both reiterated bullish views on HIVE, with HC Wainwright maintaining a Buy rating and $7.00 price target. HIVE analyst coverage
• Positive Sentiment: Several analysts nudged near-term and FY2027 earnings estimates higher at Northland Securities, suggesting slightly better expected performance ahead. HIVE estimate revisions
• Neutral Sentiment: HIVE’s latest quarter showed revenue growth of 158% in FY2026, highlighting strong top-line momentum, but the company still reported a net loss and missed EPS and revenue expectations, leaving the fundamental picture mixed. Revenue growth and net loss article
• Neutral Sentiment: Recent coverage also emphasized HIVE’s push into AI infrastructure beyond Bitcoin mining, which could broaden its long-term growth story, though investors are still weighing execution risk. AI ambitions article
• Negative Sentiment: HC Wainwright cut its FY2027 and quarterly EPS forecasts, reflecting expectations for continued losses and softer profitability than previously thought. HIVE earnings revisions
• Negative Sentiment: Market commentary noted that HIVE stock has been lower as investors take profits after a strong multi-month run, which may be weighing on the shares despite upbeat analyst sentiment. Profit-taking article

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.