HIVE Digital Technologies’ (HIVE) “Buy” Rating Reiterated at Chardan Capital

Chardan Capital restated their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a report issued on Monday,Benzinga reports. They currently have a $7.50 price target on the stock.

Several other equities analysts have also recently weighed in on HIVE. Cantor Fitzgerald set a $7.00 target price on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Rosenblatt Securities boosted their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a report on Friday, June 5th. B. Riley Financial increased their price objective on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a research report on Monday. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.95.

HIVE Digital Technologies Trading Up 1.4%

HIVE stock opened at $2.82 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.10. HIVE Digital Technologies has a 1-year low of $1.73 and a 1-year high of $7.84. The business has a 50 day simple moving average of $3.29 and a two-hundred day simple moving average of $2.86. The company has a market capitalization of $773.47 million, a price-to-earnings ratio of -2.19 and a beta of 3.78.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data 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). 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 quarter in the previous year, the business earned $0.18 EPS. Research analysts anticipate that HIVE Digital Technologies will post -0.78 EPS for the current fiscal year.

Insider Activity at HIVE Digital Technologies

In related news, Director Susan B. Mcgee sold 125,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of $4.25, for a total value of $531,250.00. Following the completion of the transaction, the director directly owned 125,000 shares of the company’s stock, valued at approximately $531,250. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Luke Rossy sold 215,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $3.97, for a total transaction of $853,550.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 781,700 shares of company stock valued at $3,209,876. 9.44% of the stock is owned by corporate insiders.

Institutional Trading of HIVE Digital Technologies

A number of large investors have recently made changes to their positions in the business. Millennium Management LLC raised its position in shares of HIVE Digital Technologies by 58.1% during the 4th quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock valued at $17,804,000 after buying an additional 2,536,135 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HIVE Digital Technologies by 29.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,187,363 shares of the company’s stock valued at $13,383,000 after acquiring an additional 1,193,991 shares during the last quarter. Tidal Investments LLC grew its position in HIVE Digital Technologies by 15.4% in the third quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock worth $19,228,000 after acquiring an additional 637,679 shares in the last quarter. Two Sigma Investments LP purchased a new position in HIVE Digital Technologies in the third quarter worth about $17,584,000. Finally, Vident Advisory LLC grew its position in HIVE Digital Technologies by 33.6% in the fourth quarter. Vident Advisory LLC now owns 4,327,141 shares of the company’s stock worth $11,164,000 after acquiring an additional 1,087,224 shares in the last quarter. 24.42% of the stock is currently owned by institutional investors.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: HIVE announced a potential $350 million AI cloud opportunity, representing approximately $70 million in annual recurring revenue under a five-year arrangement. The deal could materially improve revenue visibility and strengthen the company’s positioning in the AI infrastructure market. A $350 million reason to buy HIVE Digital Technologies stock
• Positive Sentiment: Management is targeting $200 million in AI cloud annual recurring revenue, with Bitcoin-mining cash flow helping fund GPU capacity and expansion. Investors view the strategy as a possible catalyst for diversifying HIVE beyond volatile Bitcoin mining. HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
• Positive Sentiment: Analyst sentiment remains supportive. HC Wainwright maintained a Buy rating and a $7 price target while raising its projected 2027 quarterly EPS estimates, and Canaccord Genuity reaffirmed its Buy rating with a $10 target. These revisions suggest analysts expect improving results as AI contracts ramp. Chardan Capital Reiterates Buy Rating for HIVE Digital Technologies
• Neutral Sentiment: Unusually high options activity and a test of the $3 technical resistance level indicate elevated speculative interest, but options positioning does not establish a clear long-term direction. HIVE Digital Technologies Target of Unusually High Options Trading
• Negative Sentiment: Execution and profitability remain key risks. HIVE recently reported a wider-than-expected quarterly loss and revenue below consensus, while its AI strategy requires substantial investment in GPUs and data-center capacity. Shares also traded lower in premarket trading as investors digested the deal and broader market weakness. HIVE Digital Stock Tests $3 Resistance

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.