HC Wainwright Has Bullish Forecast for HIVE FY2025 Earnings

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – Equities researchers at HC Wainwright increased their FY2025 earnings per share (EPS) estimates for HIVE Digital Technologies in a research note issued to investors on Thursday, November 14th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.33) per share for the year, up from their previous forecast of ($0.35). HC Wainwright has a “Buy” rating and a $8.00 price target 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 equities analysts have also weighed in on HIVE. Canaccord Genuity Group upped their target price on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald assumed coverage on HIVE Digital Technologies in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $9.00 price target for the company. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Northland Securities increased their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.40.

HIVE Digital Technologies Price Performance

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 twelve month low of $2.18 and a twelve month high of $5.74. The stock’s 50 day moving average is $3.54 and its 200-day moving average is $3.22. The firm has a market capitalization of $561.86 million, a price-to-earnings ratio of -31.64 and a beta of 3.43.

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

Hedge Funds Weigh In On HIVE Digital Technologies

A number of large investors have recently modified their holdings of HIVE. Van ECK Associates Corp raised its holdings in shares of 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 buying an additional 1,018,231 shares in the last quarter. Vident Advisory LLC increased 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 worth $5,856,000 after purchasing an additional 764,387 shares during the period. XTX Topco Ltd purchased a new position in HIVE Digital Technologies in the 3rd quarter worth approximately $463,000. Charles Schwab Investment Management Inc. increased its stake in HIVE Digital Technologies by 48.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company’s stock worth $1,018,000 after purchasing an additional 106,103 shares during the period. Finally, State Street Corp increased its stake in HIVE Digital Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 3,214,101 shares of the company’s stock worth $10,060,000 after purchasing an additional 91,056 shares during the period. 24.42% of the stock is 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.