Contrasting 8X8 (NASDAQ:EGHT) & HIVE Digital Technologies (NASDAQ:HIVE)

HIVE Digital Technologies (NASDAQ:HIVE) and 8X8 (NASDAQ:EGHT) are both small-cap technology companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, dividends, risk, profitability, analyst recommendations and institutional ownership.

Analyst Ratings

This is a summary of recent recommendations and price targets for HIVE Digital Technologies and 8X8, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
HIVE Digital Technologies	1	1	6	0	2.62
8X8	1	1	2	0	2.25

HIVE Digital Technologies currently has a consensus price target of $6.95, indicating a potential upside of 260.10%. 8X8 has a consensus price target of $3.12, indicating a potential upside of 46.71%. Given HIVE Digital Technologies’ stronger consensus rating and higher possible upside, equities analysts clearly believe HIVE Digital Technologies is more favorable than 8X8.

Profitability

This table compares HIVE Digital Technologies and 8X8’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
HIVE Digital Technologies	-98.49%	-31.98%	-23.71%
8X8	0.64%	28.72%	6.14%

Earnings & Valuation

This table compares HIVE Digital Technologies and 8X8″s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
HIVE Digital Technologies	$297.79 million	1.79	-$148.45 million	($1.29)	-1.50
8X8	$735.75 million	0.42	$1.65 million	$0.04	53.25

8X8 has higher revenue and earnings than HIVE Digital Technologies. HIVE Digital Technologies is trading at a lower price-to-earnings ratio than 8X8, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

HIVE Digital Technologies has a beta of 3.76, indicating that its stock price is 276% more volatile than the S&P 500. Comparatively, 8X8 has a beta of 1.85, indicating that its stock price is 85% more volatile than the S&P 500.

Institutional and Insider Ownership

24.4% of HIVE Digital Technologies shares are held by institutional investors. Comparatively, 94.0% of 8X8 shares are held by institutional investors. 2.1% of 8X8 shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Summary

8X8 beats HIVE Digital Technologies on 9 of the 14 factors compared between the two stocks.

About HIVE Digital Technologies

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. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

About 8X8

8×8, Inc. engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.