Northland Capmk Has Negative Forecast for HIVE Q3 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Stock analysts at Northland Capmk reduced their Q3 2026 EPS estimates for shares of HIVE Digital Technologies in a research report issued on Monday, November 17th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of ($0.08) for the quarter, down from their previous estimate of $0.01. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.32) per share. Northland Capmk also issued estimates for HIVE Digital Technologies’ Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.31) EPS, Q1 2027 earnings at $0.00 EPS, Q2 2027 earnings at $0.00 EPS, Q3 2027 earnings at $0.01 EPS and Q4 2027 earnings at $0.07 EPS.

Several other equities research analysts have also issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a research report on Monday, October 13th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HIVE Digital Technologies in a research report on Friday, October 31st. Zacks Research raised shares of HIVE Digital Technologies to a “hold” rating in a research report on Friday, August 8th. Finally, Northland Securities set a $7.50 price target on shares of HIVE Digital Technologies in a research note on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.29.

HIVE Digital Technologies Stock Performance

Shares of HIVE Digital Technologies stock opened at $2.92 on Thursday. The business’s fifty day simple moving average is $4.79 and its 200 day simple moving average is $3.09. The company has a current ratio of 2.55, a quick ratio of 3.42 and a debt-to-equity ratio of 0.02. HIVE Digital Technologies has a 12 month low of $1.26 and a 12 month high of $7.84. The firm has a market capitalization of $694.11 million, a P/E ratio of -13.90 and a beta of 3.54.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Friday, November 14th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $83.37 million during the quarter, compared to analysts’ expectations of $80.62 million. HIVE Digital Technologies had a negative return on equity of 14.15% and a negative net margin of 16.18%.

Hedge Funds Weigh In On HIVE Digital Technologies

Several large investors have recently modified their holdings of HIVE. Tidal Investments LLC raised its position in shares of HIVE Digital Technologies by 15.4% in the third quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock valued at $19,228,000 after purchasing an additional 637,679 shares during the period. Two Sigma Investments LP purchased a new position in HIVE Digital Technologies in the 3rd quarter valued at approximately $17,584,000. Vident Advisory LLC raised its holdings in HIVE Digital Technologies by 53.0% during the 2nd 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. lifted its position in shares of 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 worth $11,212,000 after acquiring an additional 987,314 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of HIVE Digital Technologies by 20.0% during the third quarter. Generali Investments CEE investicni spolecnost a.s. now owns 1,492,481 shares of the company’s stock worth $6,015,000 after acquiring an additional 248,251 shares in the last quarter. Hedge funds and other institutional investors 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.