B. Riley Has Pessimistic Outlook of HIVE FY2027 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Equities researchers at B. Riley cut their FY2027 earnings per share estimates for shares of HIVE Digital Technologies in a report released on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the company will earn $0.34 per share for the year, down from their prior estimate of $0.39. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.34) per share.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%.

HIVE has been the topic of several other research reports. Canaccord Genuity Group boosted their target price on shares of HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods initiated coverage on shares of HIVE Digital Technologies in a research note on Wednesday, January 8th. They issued an “outperform” rating on the stock. Northland Securities raised their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price (up from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday. Finally, StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, HIVE Digital Technologies has an average rating of “Buy” and an average target price of $8.08.

HIVE Digital Technologies Trading Up 4.0 %

HIVE stock opened at $2.86 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. HIVE Digital Technologies has a 1-year low of $2.18 and a 1-year high of $5.54. The business has a 50 day simple moving average of $3.17 and a two-hundred day simple moving average of $3.37. The company has a market capitalization of $423.49 million, a price-to-earnings ratio of -20.43 and a beta of 3.46.

Institutional Investors Weigh In On HIVE Digital Technologies

Several large investors have recently added to or reduced their stakes in HIVE. Lifeworks Advisors LLC lifted its stake in shares of HIVE Digital Technologies by 46.2% in the 4th quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company’s stock valued at $46,000 after purchasing an additional 5,152 shares during the last quarter. Impact Partnership Wealth LLC raised its holdings in HIVE Digital Technologies by 11.0% during the 4th quarter. Impact Partnership Wealth LLC now owns 53,231 shares of the company’s stock valued at $152,000 after buying an additional 5,277 shares during the period. Wells Fargo & Company MN lifted its position in HIVE Digital Technologies by 60.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock worth $44,000 after buying an additional 5,800 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in HIVE Digital Technologies by 15.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,351 shares of the company’s stock worth $178,000 after buying an additional 8,158 shares during the period. Finally, Plancorp LLC increased its position in HIVE Digital Technologies by 90.5% during the fourth quarter. Plancorp LLC now owns 20,000 shares of the company’s stock valued at $57,000 after acquiring an additional 9,500 shares during the last quarter. 24.42% of the stock is owned by institutional investors.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.