Northland Capmk Issues Pessimistic Outlook for HIVE Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Analysts at Northland Capmk lowered their Q3 2026 earnings estimates for HIVE Digital Technologies in a research report issued to clients and investors on Tuesday, August 19th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.02. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.32) per share.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $45.61 million for the quarter, compared to analysts’ expectations of $45.16 million. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%.

A number of other brokerages have also recently issued reports on HIVE. Canaccord Genuity Group lifted their price objective on shares of HIVE Digital Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday. HC Wainwright cut their target price on shares of HIVE Digital Technologies from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. Zacks Research upgraded shares of HIVE Digital Technologies to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of HIVE Digital Technologies from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Rosenblatt Securities cut their target price on shares of HIVE Digital Technologies from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $6.83.

HIVE Digital Technologies Stock Performance

Shares of NASDAQ:HIVE opened at $2.40 on Wednesday. The company’s 50 day simple moving average is $2.12 and its 200 day simple moving average is $1.99. The stock has a market capitalization of $550.42 million, a price-to-earnings ratio of -12.00 and a beta of 3.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.72. HIVE Digital Technologies has a 1 year low of $1.26 and a 1 year high of $5.54.

Hedge Funds Weigh In On HIVE Digital Technologies

Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of HIVE Digital Technologies during the fourth quarter worth $26,000. Wells Fargo & Company MN lifted its holdings in shares of HIVE Digital Technologies by 60.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock worth $44,000 after purchasing an additional 5,800 shares during the period. LPL Financial LLC acquired a new position in shares of HIVE Digital Technologies during the fourth quarter worth $54,000. Ethos Financial Group LLC acquired a new position in shares of HIVE Digital Technologies during the second quarter worth $36,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of HIVE Digital Technologies during the second quarter worth $38,000. 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.