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

HIVE Digital Technologies (NASDAQ:HIVE) had its target price upped by HC Wainwright from $5.00 to $8.00 in a report released on Thursday,Benzinga reports. The firm 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.

Several other analysts also recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald initiated coverage on shares of HIVE Digital Technologies in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $9.00 target price on the stock. Northland Securities started coverage on shares of HIVE Digital Technologies in a research report on Thursday, September 19th. They issued an “outperform” rating and a $5.50 price target for the company. B. Riley initiated coverage on HIVE Digital Technologies in a report on Friday, July 19th. They set a “buy” rating and a $6.00 price target for the company. Finally, Northland Capmk upgraded HIVE Digital Technologies to a “strong-buy” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, HIVE Digital Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $7.17.

HIVE Digital Technologies Price Performance

Shares of NASDAQ:HIVE traded down $0.04 during trading on Thursday, reaching $4.26. The company had a trading volume of 3,897,638 shares, compared to its average volume of 3,559,663. The firm has a market capitalization of $540.30 million, a PE ratio of -30.75 and a beta of 3.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 7.35 and a current ratio of 5.56. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month high of $5.74. The firm’s fifty day moving average is $3.51 and its 200 day moving average is $3.20.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The firm had revenue of $22.65 million during the quarter, compared to analysts’ expectations of $25.32 million. During the same period in the previous year, the company earned ($0.29) earnings per share. On average, equities analysts forecast that HIVE Digital Technologies will post -0.28 EPS for the current year.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of hedge funds have recently modified their holdings of HIVE. Van ECK Associates Corp increased its holdings in HIVE Digital Technologies by 35.4% during the 2nd quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company’s stock valued at $11,995,000 after acquiring an additional 1,018,231 shares in the last quarter. Vident Advisory LLC lifted its stake in HIVE Digital Technologies by 78.6% in the 1st quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock valued at $5,856,000 after buying an additional 764,387 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of HIVE Digital Technologies by 48.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company’s stock worth $1,018,000 after acquiring an additional 106,103 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of HIVE Digital Technologies in the third quarter valued at $235,000. Finally, Impact Partnership Wealth LLC boosted its stake 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 valued at $151,000 after acquiring an additional 32,760 shares during 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.