HC Wainwright Issues Pessimistic Estimate for HIVE Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Equities research analysts at HC Wainwright reduced their Q1 2027 EPS estimates for shares of HIVE Digital Technologies in a research note issued to investors on Wednesday, June 3rd. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of ($0.18) per share for the quarter, down from their previous estimate of ($0.15). HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.65) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q2 2027 earnings at ($0.18) EPS, Q3 2027 earnings at ($0.15) EPS, Q4 2027 earnings at ($0.15) EPS and FY2027 earnings at ($0.66) EPS.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.07). HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%.The company had revenue of $71.82 million for the quarter, compared to the consensus estimate of $79.99 million.

Other equities research analysts have also issued research reports about the stock. B. Riley Financial boosted their price target on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday. Rosenblatt Securities boosted their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a report on Friday, April 24th. Cantor Fitzgerald set a $7.00 price target on shares of HIVE Digital Technologies in a report on Thursday. Finally, New Street Research set a $5.00 price target on shares of HIVE Digital Technologies in a report on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.75.

HIVE Digital Technologies Trading Down 0.2%

Shares of HIVE Digital Technologies stock opened at $4.37 on Friday. The firm has a market capitalization of $1.16 billion, a PE ratio of -7.80 and a beta of 3.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.74. The company’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $2.76. HIVE Digital Technologies has a 52-week low of $1.60 and a 52-week high of $7.84.

Hedge Funds Weigh In On HIVE Digital Technologies

Several institutional investors have recently added to or reduced their stakes in HIVE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in HIVE Digital Technologies by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company’s stock valued at $1,283,000 after purchasing an additional 137,651 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in HIVE Digital Technologies by 328.2% during 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 during the last quarter. Geode Capital Management LLC raised its stake in shares of HIVE Digital Technologies by 11.0% in the second quarter. Geode Capital Management LLC now owns 1,296,531 shares of the company’s stock valued at $2,334,000 after acquiring an additional 128,760 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of HIVE Digital Technologies by 397,216.0% in the second quarter. JPMorgan Chase & Co. now owns 397,316 shares of the company’s stock valued at $715,000 after acquiring an additional 397,216 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of HIVE Digital Technologies by 232.8% in the second quarter. Franklin Resources Inc. now owns 62,061 shares of the company’s stock valued at $112,000 after acquiring an additional 43,413 shares during the last quarter. 24.42% of the stock is owned by institutional investors.

HIVE Digital Technologies News Summary

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

• Positive Sentiment: HC Wainwright reaffirmed its Buy rating and $7.00 price target on HIVE, implying meaningful upside from current levels and reinforcing bullish long-term sentiment.
• Positive Sentiment: Northland Securities raised several of its FY2027 and quarterly earnings estimates for HIVE, including improvements to Q1, Q2, Q3, and Q4 2027 forecasts, signaling slightly better profitability expectations.
• Positive Sentiment: Recent coverage highlighting HIVE’s 158% revenue growth in FY2026 and its AI infrastructure growth story may be helping investors look beyond near-term losses toward future expansion.
• Neutral Sentiment: Unusually large options trading in HIVE suggests elevated investor interest and speculation, but it does not clearly point to a directional catalyst on its own.
• Negative Sentiment: Some analysts trimmed near-term earnings estimates, including HC Wainwright cutting Q1, Q2, Q3, and FY2027 EPS forecasts, which underscores ongoing expectations for losses.
• Negative Sentiment: Despite revenue growth, investors remain focused on HIVE’s continued net losses and the risk that its Bitcoin-mining business faces pressure, which could temper enthusiasm after the stock’s recent rally.

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.