B. Riley Has Negative Outlook for HIVE FY2027 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Analysts at B. Riley decreased their FY2027 EPS estimates for shares of HIVE Digital Technologies in a report issued on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will post earnings of $0.34 per share for the year, down from their previous forecast of $0.39. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.34) per share.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods initiated coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an "outperform" rating for the company. Canaccord Genuity Group upped their price objective on shares of HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of HIVE Digital Technologies to a "sell" rating in a research report on Tuesday, January 14th. Cantor Fitzgerald restated an "overweight" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Finally, Northland Securities upped their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $8.08.

HIVE Digital Technologies Price Performance

NASDAQ HIVE traded down $0.01 during trading hours on Thursday, reaching $2.85. The company's stock had a trading volume of 6,221,402 shares, compared to its average volume of 10,176,283. The firm has a market capitalization of $422.01 million, a price-to-earnings ratio of -20.36 and a beta of 3.46. HIVE Digital Technologies has a 1-year low of $2.18 and a 1-year high of $5.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. The company's 50-day moving average is $3.14 and its two-hundred day moving average is $3.36.

Institutional Investors Weigh In On HIVE Digital Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lifeworks Advisors LLC acquired a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth $35,000. Gladstone Institutional Advisory LLC acquired a new stake in HIVE Digital Technologies during the third quarter worth about $44,000. Wells Fargo & Company MN increased its position in HIVE Digital Technologies by 60.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company's stock worth $44,000 after purchasing an additional 5,800 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of HIVE Digital Technologies during the 3rd quarter worth approximately $50,000. Finally, Franklin Resources Inc. acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds 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.