Key Points
- Director Susan McGee sold 83,300 shares of HIVE Digital Technologies at an average price of $4.24, totaling about $353,192. After the sale, she still held 125,000 shares, a roughly 40% reduction in ownership.
- HIVE’s latest quarterly results missed expectations, with EPS of -$0.28 versus the -$0.21 estimate and revenue of $71.82 million below the $79.99 million forecast. Analysts now expect the company to post -$0.74 EPS for the fiscal year.
- Despite mixed fundamentals, analysts remain generally constructive on the stock: six rate it Buy, two Hold, and one Sell, with a consensus “Moderate Buy” and an average price target of $6.90.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) Director Susan Mcgee sold 83,300 shares of HIVE Digital Technologies stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $4.24, for a total transaction of $353,192.00. Following the sale, the director owned 125,000 shares in the company, valued at approximately $530,000. This trade represents a 39.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
HIVE Digital Technologies Stock Performance
NASDAQ HIVE opened at $4.90 on Tuesday. HIVE Digital Technologies Ltd. has a twelve month low of $1.60 and a twelve month high of $7.84. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.30 billion, a P/E ratio of -8.75 and a beta of 3.74. The company's 50-day simple moving average is $3.36 and its 200 day simple moving average is $2.83.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.07). The business had revenue of $71.82 million for the quarter, compared to the consensus estimate of $79.99 million. HIVE Digital Technologies had a negative return on equity of 23.12% and a negative net margin of 49.21%. As a group, research analysts forecast that HIVE Digital Technologies Ltd. will post -0.74 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently commented on HIVE shares. Weiss Ratings downgraded HIVE Digital Technologies from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, June 15th. HC Wainwright reiterated a "buy" rating and issued a $7.00 price target on shares of HIVE Digital Technologies in a research report on Wednesday, June 3rd. Rosenblatt Securities upped their price target on HIVE Digital Technologies from $5.00 to $5.50 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Canaccord Genuity Group reiterated a "buy" rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a research note on Friday, June 5th. Finally, Cantor Fitzgerald set a $7.00 price objective on HIVE Digital Technologies in a report on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $6.90.
View Our Latest Research Report on HIVE Digital Technologies
HIVE Digital Technologies News Summary
Here are the key news stories impacting HIVE Digital Technologies this week:
- Positive Sentiment: Columbia University research validated HIVE’s Paraguay AI infrastructure, helping confirm the performance of its GPU setup and boosting confidence in its AI/HPC pivot. HIVE Digital (HIVE) Stock Soars 22% Following Columbia University AI Performance Validation
- Positive Sentiment: HIVE said its Paraguay GPU-based AI research project was successfully completed and submitted to NeurIPS, signaling technical credibility in a high-profile machine learning venue. HIVE Digital Technologies reports successful AI training trial using Paraguay-based GPUs
- Positive Sentiment: Investors are also responding to HIVE’s recent pivot toward AI and high-performance computing, including BUZZ HPC’s three-year contract worth about $220 million, which could support future revenue growth. Why is HIVE stock soaring today and what comes next?
- Neutral Sentiment: Options activity jumped sharply, with heavy call buying suggesting traders are positioning for further upside, though this is more a momentum signal than a fundamental update.
- Negative Sentiment: Director Susan B. McGee disclosed multiple share sales, which can sometimes pressure sentiment because insider selling may be viewed cautiously by investors.
Hedge Funds Weigh In On HIVE Digital Technologies
Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company's stock worth $26,000 after purchasing an additional 9,429 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of HIVE Digital Technologies in the fourth quarter valued at $27,000. Private Advisor Group LLC acquired a new stake in shares of HIVE Digital Technologies in the first quarter valued at $27,000. Rafferty Asset Management LLC bought a new position in shares of HIVE Digital Technologies in the fourth quarter valued at about $28,000. Finally, State of Wyoming bought a new position in shares of HIVE Digital Technologies in the fourth quarter valued at about $28,000. Institutional investors own 24.42% of the company's stock.
HIVE Digital Technologies Company Profile
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Get Free Report)
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.
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