HIVE Digital Technologies (NASDAQ:HIVE) Price Target Raised to $8.00 at HC Wainwright

HIVE Digital Technologies (NASDAQ:HIVE) had its price target boosted by HC Wainwright from $5.00 to $8.00 in a report issued on Thursday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q1 2026 earnings at ($0.03) EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.04 EPS and FY2026 earnings at $0.04 EPS.

HIVE has been the subject of a number of other reports. Cantor Fitzgerald initiated coverage on HIVE Digital Technologies in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $9.00 target price for the company. Canaccord Genuity Group raised their price objective on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a report on Thursday, September 19th. Northland Securities started coverage on HIVE Digital Technologies in a report on Thursday, September 19th. They issued an “outperform” rating and a $5.50 target price on the stock. Finally, B. Riley started coverage on HIVE Digital Technologies in a report on Friday, July 19th. They issued a “buy” rating and a $6.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, HIVE Digital Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $7.17.

HIVE Digital Technologies Trading Down 0.9 %

HIVE stock traded down $0.04 during trading on Thursday, hitting $4.26. The company had a trading volume of 3,897,638 shares, compared to its average volume of 3,559,663. The company has a 50 day simple moving average of $3.51 and a 200-day simple moving average of $3.20. 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 52-week low of $2.18 and a 52-week high of $5.74. The firm has a market capitalization of $540.30 million, a P/E ratio of -30.75 and a beta of 3.43.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. The business had revenue of $22.65 million for the quarter, compared to analyst estimates of $25.32 million. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. As a group, research analysts forecast that HIVE Digital Technologies will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of large investors have recently modified their holdings of the company. Lifeworks Advisors LLC purchased a new stake in HIVE Digital Technologies during the 3rd quarter worth $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in HIVE Digital Technologies during the 2nd quarter worth approximately $36,000. Gladstone Institutional Advisory LLC purchased a new position in HIVE Digital Technologies in the 3rd quarter worth approximately $44,000. Quadrature Capital Ltd acquired a new stake in HIVE Digital Technologies in the third quarter valued at approximately $50,000. Finally, Impact Partnership Wealth LLC lifted its position in shares of 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 purchasing an additional 32,760 shares in the last quarter. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

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.