HC Wainwright Has Bullish Forecast for HIVE FY2025 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Analysts at HC Wainwright raised their FY2025 earnings estimates for shares of HIVE Digital Technologies in a research report issued to clients and investors on Thursday, November 14th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($0.33) per share for the year, up from their previous estimate of ($0.35). HC Wainwright currently has a “Buy” rating and a $8.00 target price on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.27) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q4 2025 earnings at ($0.07) EPS and Q4 2026 earnings at $0.03 EPS.

A number of other research analysts also recently issued reports on HIVE. Cantor Fitzgerald began coverage on shares of HIVE Digital Technologies in a research report on Tuesday, October 29th. They set an “overweight” rating and a $9.00 target price on the stock. Canaccord Genuity Group upped their price target on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Northland Securities upped their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HIVE Digital Technologies presently has an average rating of “Moderate Buy” and an average target price of $7.40.

HIVE Digital Technologies Stock Up 3.0 %

Shares of NASDAQ HIVE opened at $4.43 on Monday. The company has a quick ratio of 7.35, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies has a 12-month low of $2.18 and a 12-month high of $5.74. The company has a market cap of $561.86 million, a price-to-earnings ratio of -31.64 and a beta of 3.43. The firm’s 50-day simple moving average is $3.54 and its 200 day simple moving average is $3.22.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $22.65 million for the quarter, compared to the consensus estimate of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same quarter in the prior year, the company earned ($0.29) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lifeworks Advisors LLC acquired a new position in HIVE Digital Technologies in the third quarter valued at about $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in HIVE Digital Technologies during the second quarter worth about $36,000. Gladstone Institutional Advisory LLC acquired a new position in HIVE Digital Technologies during the third quarter worth about $44,000. Quadrature Capital Ltd acquired a new position in HIVE Digital Technologies during the third quarter worth about $50,000. Finally, Impact Partnership Wealth LLC raised its stake in HIVE Digital Technologies by 202.4% during the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock worth $151,000 after acquiring an additional 32,760 shares in the last quarter. Institutional investors and hedge funds 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.