HIVE Digital Technologies (NASDAQ:HIVE) Shares Down 3.5% – Here’s What Happened

Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) fell 3.5% on Friday . The company traded as low as $2.95 and last traded at $3.02. 14,702,435 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 19,571,662 shares. The stock had previously closed at $3.13.

Key Headlines Impacting HIVE Digital Technologies

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

• Positive Sentiment: Rosenblatt raised its price target and rating. Rosenblatt Securities lifted its target from $5.50 to $6.00 and assigned HIVE a “Buy” rating, implying substantial upside from recent trading levels. Rosenblatt price target report
• Positive Sentiment: HC Wainwright maintained a bullish outlook. The firm retained a “Buy” rating and a $7.00 price target while forecasting FY2027 EPS of negative $0.50, better than the current-year loss expectations. HC Wainwright forecast for HIVE earnings
• Positive Sentiment: Northland improved its forward earnings estimates. The analyst raised FY2027 EPS expectations to a loss of $0.58 from $0.72 and also reduced projected losses for the second, third and fourth quarters of FY2027. This suggests expectations for improving profitability.
• Positive Sentiment: Analyst sentiment remains favorable. Canaccord Genuity reiterated a “Buy” rating with a $10 target, while the broader analyst consensus is “Moderate Buy.” Investor interest is also being supported by HIVE’s roughly $350 million AI cloud opportunity and plans to grow recurring revenue from GPU services. Canaccord Genuity Buy rating 350 million reason to buy HIVE stock
• Neutral Sentiment: Execution remains the key catalyst. HIVE’s AI and GPU-cloud strategy could diversify the company beyond Bitcoin mining, but investors will likely want evidence that the contract converts into deployed capacity and recurring cash flow.
• Negative Sentiment: Insider selling may weigh on sentiment. Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. The transaction follows a larger sale in June and may raise concerns about insider confidence. Dave Perrill HIVE stock sale
• Negative Sentiment: Recent financial results were weaker than expected. HIVE reported a quarterly loss of $0.54 per share versus the $0.21 consensus estimate, while revenue of $79.1 million also trailed expectations. The company remains unprofitable, increasing the importance of successful AI expansion and improving forecasts.

Analyst Ratings Changes

A number of research firms recently issued reports on HIVE. Keefe, Bruyette & Woods upped their price target on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, June 5th. Chardan Capital reiterated a “buy” rating and set a $7.50 price objective on shares of HIVE Digital Technologies in a research report on Monday. Cantor Fitzgerald set a $7.00 price objective on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 14th. Finally, Rosenblatt Securities upped their target price on shares of HIVE Digital Technologies from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Thursday. Seven 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.00.

HIVE Digital Technologies Price Performance

The firm has a market capitalization of $822.84 million, a P/E ratio of -2.33 and a beta of 3.78. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average price of $3.28 and a 200-day moving average price of $2.86.

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

Insiders Place Their Bets

In other HIVE Digital Technologies news, Director Dave Perrill sold 175,000 shares of the business’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of $4.69, for a total transaction of $820,750.00. Following the transaction, the director owned 162,500 shares in the company, valued at $762,125. The trade was a 51.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan B. Mcgee sold 125,000 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of $4.25, for a total transaction of $531,250.00. Following the completion of the sale, the director directly owned 125,000 shares in the company, valued at approximately $531,250. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 781,700 shares of company stock valued at $3,209,876 over the last three months. 9.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On HIVE Digital Technologies

Several hedge funds have recently added to or reduced their stakes in HIVE. NewEdge Advisors LLC lifted its stake in 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 purchasing an additional 9,429 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of HIVE Digital Technologies during the first quarter valued at approximately $27,000. Ground Swell Capital LLC bought a new position in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $27,000. Rafferty Asset Management LLC bought a new position in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $28,000. Finally, State of Wyoming purchased a new stake in shares of HIVE Digital Technologies in the fourth quarter worth approximately $28,000. 24.42% of the stock is currently owned by institutional investors.

About HIVE Digital Technologies

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.