What is B. Riley’s Forecast for HIVE FY2027 Earnings?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) – B. Riley cut their FY2027 earnings per share (EPS) estimates for HIVE Digital Technologies in a report issued on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the company will post earnings of $0.34 per share for the year, down from their prior estimate of $0.39. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.34) per share.

Several other research analysts have also issued reports on HIVE. Northland Securities increased their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Roth Capital upgraded HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective (up previously from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday. Finally, Roth Mkm assumed coverage on HIVE Digital Technologies in a research note on Thursday, December 19th. They issued a “buy” rating and a $7.50 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $8.08.

HIVE Digital Technologies Stock Performance

NASDAQ:HIVE opened at $2.73 on Thursday. The company has a market cap of $403.49 million, a price-to-earnings ratio of -19.39 and a beta of 3.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56. HIVE Digital Technologies has a 52-week low of $2.18 and a 52-week high of $5.54. The firm’s 50-day moving average is $3.19 and its 200-day moving average is $3.37.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%.

Hedge Funds Weigh In On HIVE Digital Technologies

Several large investors have recently bought and sold shares of HIVE. Lifeworks Advisors LLC acquired a new stake in HIVE Digital Technologies during the 3rd quarter worth $35,000. Gladstone Institutional Advisory LLC bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at about $44,000. Wells Fargo & Company MN increased its stake in shares of HIVE Digital Technologies by 60.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock valued at $44,000 after acquiring an additional 5,800 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at approximately $50,000. Finally, Franklin Resources Inc. acquired a new stake in HIVE Digital Technologies in the fourth quarter worth $53,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

HIVE Digital Technologies Company Profile

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.