What is Northland Capmk’s Estimate for HIVE FY2027 Earnings?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Equities research analysts at Northland Capmk issued their FY2027 earnings per share (EPS) estimates for shares of HIVE Digital Technologies in a report released on Monday, November 17th. Northland Capmk analyst M. Grondahl expects that the company will post earnings of $0.07 per share for the year. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.32) per share.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $83.37 million for the quarter, compared to analysts’ expectations of $80.62 million. HIVE Digital Technologies had a negative return on equity of 15.20% and a negative net margin of 16.18%.

Several other equities analysts have also weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday. B. Riley reaffirmed a “buy” rating on shares of HIVE Digital Technologies in a research report on Wednesday, October 22nd. HC Wainwright increased their price target on HIVE Digital Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen raised HIVE Digital Technologies from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Northland Securities set a $7.50 price objective on shares of HIVE Digital Technologies in a report on Tuesday, October 7th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, HIVE Digital Technologies has an average rating of “Moderate Buy” and a consensus target price of $8.29.

HIVE Digital Technologies Trading Down 2.2%

Shares of HIVE stock opened at $3.48 on Wednesday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. The firm has a market cap of $827.23 million, a P/E ratio of -16.57 and a beta of 3.54. The company has a 50 day moving average of $4.80 and a 200-day moving average of $3.09. HIVE Digital Technologies has a 12-month low of $1.26 and a 12-month high of $7.84.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HIVE. Two Sigma Investments LP purchased a new position in HIVE Digital Technologies during the 3rd quarter valued at about $17,584,000. Vident Advisory LLC boosted its position in shares of HIVE Digital Technologies by 53.0% in the second quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock valued at $6,780,000 after acquiring an additional 1,305,057 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in HIVE Digital Technologies by 55.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,780,876 shares of the company’s stock valued at $11,212,000 after acquiring an additional 987,314 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in HIVE Digital Technologies by 87.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company’s stock worth $2,006,000 after acquiring an additional 647,159 shares during the period. Finally, Tidal Investments LLC increased its holdings in HIVE Digital Technologies by 15.4% during the 3rd 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 during the period. Institutional investors own 24.42% of the company’s stock.

About HIVE Digital Technologies

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.