HIVE Digital Technologies (NASDAQ:HIVE) Price Target Raised to $6.00

HIVE Digital Technologies (NASDAQ:HIVE) had its price target upped by Rosenblatt Securities from $5.50 to $6.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. UBS Group set a $8.00 price objective on HIVE Digital Technologies in a research report on Wednesday, June 3rd. Weiss Ratings raised HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Cantor Fitzgerald set a $7.00 target price on HIVE Digital Technologies in a research note on Thursday, June 4th. Keefe, Bruyette & Woods boosted their price target on HIVE Digital Technologies from $3.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, June 5th. Finally, Wall Street Zen cut HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.00.

HIVE Digital Technologies Price Performance

Shares of NASDAQ HIVE opened at $3.03 on Thursday. HIVE Digital Technologies has a twelve month low of $1.73 and a twelve month high of $7.84. The firm has a fifty day simple moving average of $3.27 and a 200 day simple moving average of $2.86. The company has a market capitalization of $831.07 million, a PE ratio of -2.35 and a beta of 3.78. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.85.

HIVE Digital Technologies (NASDAQ:HIVE) last released its earnings results 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). The firm had revenue of $79.12 million during the quarter, compared to analyst estimates of $81.72 million. HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 31.98%. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, sell-side analysts forecast that HIVE Digital Technologies will post -0.61 EPS for the current year.

Insider Activity at HIVE Digital Technologies

In related news, Director Dave Perrill sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $2.72, for a total value of $272,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Luke Rossy sold 215,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $3.97, for a total value of $853,550.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 781,700 shares of company stock valued at $3,209,876 in the last three months. Corporate insiders own 9.44% of the company’s stock.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of large investors have recently modified their holdings of the company. Situational Awareness LP increased its stake in HIVE Digital Technologies by 169.3% during the 2nd quarter. Situational Awareness LP now owns 9,133,726 shares of the company’s stock valued at $33,247,000 after purchasing an additional 5,742,179 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of HIVE Digital Technologies in the third quarter valued at $17,584,000. Renaissance Technologies LLC acquired a new position in shares of HIVE Digital Technologies during the fourth quarter valued at about $10,914,000. Millennium Management LLC grew its holdings in shares of HIVE Digital Technologies by 58.1% during the fourth 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 during the last quarter. Finally, Vident Advisory LLC increased its position in shares of HIVE Digital Technologies by 53.0% during the second quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock worth $6,780,000 after acquiring an additional 1,305,057 shares in the last quarter. 24.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting HIVE Digital Technologies

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

• Positive Sentiment: Rosenblatt raised its price target. Rosenblatt Securities increased its target from $5.50 to $6.00 and maintained a “Buy” rating, implying significant potential upside from recent trading levels. Rosenblatt price target report
• Positive Sentiment: HC Wainwright remains bullish. The firm reiterated a “Buy” rating and a $7.00 price target while forecasting a narrower FY2027 loss of $0.50 per share. HC Wainwright forecast for HIVE
• Positive Sentiment: Northland improved its earnings outlook. Northland Securities raised its FY2027 EPS forecast to a loss of $0.58 from $0.72 and also upgraded its estimates for the second, third and fourth quarters of FY2027, suggesting expectations for improving profitability.
• Positive Sentiment: Analyst sentiment is broadly favorable. Canaccord Genuity reiterated its “Buy” rating, while the overall analyst consensus is reported as “Moderate Buy.” Coverage continues to focus on HIVE’s expansion beyond cryptocurrency mining into AI and high-performance-computing infrastructure. Canaccord Buy rating
• Neutral Sentiment: AI infrastructure offers a potential catalyst, but execution remains important. Reports highlight HIVE’s approximately $350 million GPU cloud opportunity and plans to use mining cash flow to fund expansion. Investors will likely look for evidence that the agreement converts into recurring revenue and improves margins. $350 million reason to buy HIVE
• Negative Sentiment: Director selling may pressure sentiment. Director Dave Perrill sold 100,000 shares for approximately $272,000 at an average price of $2.72. The sale follows an earlier disposal of 175,000 shares in June, potentially raising investor concerns about insider confidence.
• Negative Sentiment: HIVE’s latest results were weaker than expected. The company reported a quarterly loss of $0.54 per share versus the $0.21 consensus estimate, while revenue of $79.1 million fell short of expectations of $81.7 million. HIVE remains unprofitable, making successful AI expansion critical to supporting its valuation.

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.