Roth Capital Issues Pessimistic Forecast for HIVE Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Analysts at Roth Capital dropped their Q3 2026 earnings estimates for HIVE Digital Technologies in a research report issued on Monday, November 17th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of ($0.11) for the quarter, down from their previous estimate of ($0.08). Roth Capital currently has a “Buy” rating and a $7.50 target price on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.32) per share. Roth Capital also issued estimates for HIVE Digital Technologies’ Q4 2026 earnings at ($0.11) EPS, FY2026 earnings at ($0.39) EPS, Q1 2027 earnings at ($0.09) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.13) EPS, Q4 2027 earnings at ($0.07) EPS, FY2027 earnings at ($0.38) EPS and FY2028 earnings at ($0.31) EPS.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $83.37 million for the quarter, compared to analysts’ expectations of $80.62 million. HIVE Digital Technologies had a negative net margin of 16.18% and a negative return on equity of 14.15%.

Several other equities analysts have also weighed in on HIVE. Northland Securities set a $7.50 target price on shares of HIVE Digital Technologies in a report on Tuesday, October 7th. Wall Street Zen cut HIVE Digital Technologies from a “hold” rating to a “sell” rating in a report on Saturday. HC Wainwright increased their target price on shares of HIVE Digital Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of HIVE Digital Technologies in a research note on Friday, October 31st. Finally, Canaccord Genuity Group restated a “buy” rating and set a $10.00 price target on shares of HIVE Digital Technologies in a report on Friday. Eight investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $8.13.

HIVE Digital Technologies Stock Performance

NASDAQ HIVE opened at $2.89 on Thursday. The stock’s fifty day moving average is $4.77 and its two-hundred day moving average is $3.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.42 and a current ratio of 2.55. The firm has a market capitalization of $686.98 million, a P/E ratio of -13.76 and a beta of 3.54. HIVE Digital Technologies has a fifty-two week low of $1.26 and a fifty-two week high of $7.84.

Institutional Investors Weigh In On HIVE Digital Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in HIVE Digital Technologies by 87.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company’s stock valued at $2,006,000 after purchasing an additional 647,159 shares during the period. Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of HIVE Digital Technologies by 45.4% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 1,244,230 shares of the company’s stock worth $2,240,000 after buying an additional 388,280 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in HIVE Digital Technologies in the second quarter worth $139,000. Goldman Sachs Group Inc. increased its holdings in shares of HIVE Digital Technologies by 328.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company’s stock valued at $755,000 after purchasing an additional 399,223 shares in the last quarter. Finally, Tobam lifted its position in shares of HIVE Digital Technologies by 428.0% during the 2nd quarter. Tobam now owns 65,234 shares of the company’s stock valued at $117,000 after acquiring an additional 52,880 shares during the period. Hedge funds and other institutional investors own 24.42% of the company’s stock.

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.