Susan Mcgee Sells 16,700 Shares of HIVE Digital Technologies (NASDAQ:HIVE) Stock

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Susan Mcgee sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $4.45, for a total value of $74,315.00. Following the completion of the sale, the director owned 208,300 shares in the company, valued at approximately $926,935. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

HIVE Digital Technologies Trading Down 13.7%

HIVE stock opened at $3.77 on Friday. The firm has a market cap of $996.98 million, a P/E ratio of -6.73 and a beta of 3.74. The company has a current ratio of 1.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. HIVE Digital Technologies Ltd. has a 1-year low of $1.60 and a 1-year high of $7.84. The business’s 50 day moving average is $2.90 and its 200-day moving average is $2.77.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The business had revenue of $71.82 million during the quarter, compared to analyst estimates of $79.99 million. HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%. Equities analysts anticipate that HIVE Digital Technologies Ltd. will post -0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HIVE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in HIVE Digital Technologies by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company’s stock worth $1,283,000 after buying an additional 137,651 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in HIVE Digital Technologies by 328.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company’s stock worth $755,000 after buying an additional 399,223 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HIVE Digital Technologies by 11.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,296,531 shares of the company’s stock worth $2,334,000 after buying an additional 128,760 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in HIVE Digital Technologies by 397,216.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 397,316 shares of the company’s stock worth $715,000 after buying an additional 397,216 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in HIVE Digital Technologies by 232.8% during the 2nd quarter. Franklin Resources Inc. now owns 62,061 shares of the company’s stock worth $112,000 after buying an additional 43,413 shares in the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.

Key Stories Impacting HIVE Digital Technologies

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

• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $10.00 price target, implying significant upside from current levels. Benzinga
• Positive Sentiment: Northland Securities raised several forward EPS estimates, suggesting a slightly improved outlook for HIVE Digital Technologies’ business trajectory. Tickerreport.com
• Positive Sentiment: HC Wainwright also maintained a Buy rating and $7.00 price target, indicating analysts still see value in the shares despite recent losses. MarketBeat
• Neutral Sentiment: Analyst estimates remain negative overall for FY2027, with both Northland and HC Wainwright forecasting losses, though their full-year views vary. MarketBeat
• Negative Sentiment: HC Wainwright cut some near-term earnings estimates, including Q1 and Q2 2027, which points to softer expectations for profitability. MarketBeat
• Negative Sentiment: The company’s recent earnings report missed both EPS and revenue expectations, reinforcing concerns about execution and margins. MarketBeat

Analyst Ratings Changes

Several brokerages have recently commented on HIVE. Weiss Ratings reissued a “sell (d)” rating on shares of HIVE Digital Technologies in a report on Monday, May 11th. B. Riley Financial boosted their target price on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a report on Friday. Northland Securities set a $6.00 target price on HIVE Digital Technologies in a report on Wednesday, February 18th. Finally, UBS Group set a $8.00 target price on HIVE Digital Technologies in a report on Wednesday. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HIVE Digital Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $6.90.

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.