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

Canaccord Genuity Group reissued their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a report published on Tuesday morning,Benzinga reports. The firm currently has a $10.00 price objective on the stock.

Several other research analysts have also commented on the company. B. Riley Financial lifted their price target on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. UBS Group set a $8.00 price objective on shares of HIVE Digital Technologies in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Rosenblatt Securities raised their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a report on Friday, June 5th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.00.

HIVE Digital Technologies Stock Performance

Shares of HIVE Digital Technologies stock opened at $3.13 on Tuesday. HIVE Digital Technologies has a one year low of $1.73 and a one year high of $7.84. The company has a market cap of $858.50 million, a price-to-earnings ratio of -2.43 and a beta of 3.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.96. The business’s 50 day moving average price is $3.28 and its 200 day moving average price is $2.86.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Friday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.33). The company had revenue of $79.12 million during the quarter, compared to analysts’ expectations of $81.72 million. HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 31.98%. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, research analysts predict that HIVE Digital Technologies will post -0.61 EPS for the current year.

Insider Activity

In related news, COO Luke Rossy sold 215,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $3.97, for a total transaction of $853,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 781,700 shares of company stock worth $3,209,876. 9.44% of the stock is currently owned by corporate insiders.

Institutional Trading of HIVE Digital Technologies

Several institutional investors have recently modified their holdings of HIVE. SBI Securities Co. Ltd. increased its position in HIVE Digital Technologies by 23.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 26,148 shares of the company’s stock worth $67,000 after buying an additional 4,964 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in HIVE Digital Technologies by 98.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company’s stock valued at $36,000 after buying an additional 6,956 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of HIVE Digital Technologies by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 73,849 shares of the company’s stock valued at $191,000 after acquiring an additional 7,271 shares during the period. Invesco Ltd. boosted its holdings in shares of HIVE Digital Technologies by 6.4% in the second quarter. Invesco Ltd. now owns 152,782 shares of the company’s stock valued at $275,000 after acquiring an additional 9,241 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of HIVE Digital Technologies by 1,885.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after acquiring an additional 9,429 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: Rosenblatt raised its price target to $6.00 from $5.50 and upgraded its view to Buy. The new target implies substantial upside and is likely the most immediate positive catalyst for HIVE shares. Benzinga analyst update
• Positive Sentiment: Analysts are becoming less pessimistic about HIVE’s future profitability. Northland Securities reduced its projected FY2027 loss to $0.58 per share from $0.72 and improved its estimates for each reported quarter. HC Wainwright forecasts a FY2027 loss of $0.50 and maintains a Buy rating with a $7 target. These revisions suggest expectations for operating improvement.
• Positive Sentiment: HIVE’s AI and GPU-cloud strategy is broadening its growth story beyond cryptocurrency mining. Coverage highlights an approximately $350 million, five-year AI cloud opportunity, including roughly $70 million in annual recurring revenue as capacity ramps. Investors may view this as a potential source of more predictable revenue and stronger long-term valuation. HIVE AI cloud deal coverage
• Neutral Sentiment: Analyst support remains broadly favorable but not unanimous. Canaccord Genuity reiterated Buy, while consensus coverage is characterized as Moderate Buy. However, the range of price targets and the company’s dependence on successful AI infrastructure execution indicate meaningful uncertainty.
• Negative Sentiment: Director Dave Perrill sold 100,000 HIVE shares for approximately $272,000 at an average price of $2.72. The filing follows a larger insider sale earlier in the year and may weigh on investor sentiment, although insider transactions do not necessarily indicate the company’s outlook.
• Negative Sentiment: HIVE remains unprofitable. Its latest quarterly loss of $0.54 per share was substantially wider than the $0.21 analyst consensus, while revenue of $79.1 million fell short of expectations. Analysts still forecast a loss for the current fiscal year, leaving the stock highly sensitive to cryptocurrency prices and the execution of its AI-cloud expansion.

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.