The initiation reinforces a bullish consensus, but the combination of heavy insider selling and extreme short interest creates a high-risk, high-reward setup. Traders should monitor for a short-squeeze catalyst while respecting the insider exit signal.
Price Chart
Executive Summary
Chardan Capital initiated coverage on HIVE Digital Technologies Ltd. at Buy with a $7.50 price target, implying 153% upside from the current $2.96. The firm has a 49% accuracy rate on 408 calls and an average return of 7.8%, roughly in line with peers. The consensus is overwhelmingly bullish — 9 of 10 analysts rate it Buy or Strong Buy, with a mean target of $7.07. The high target is $10 (Canaccord Genuity) and the low is $5 (Keefe Bruyette). Momentum is positive with 1 upgrade and 0 downgrades in the past 30 days, though EPS revisions for the current quarter are mixed. Insider selling by C-suite and directors totaling over $2M in June-July diverges from the bullish analyst signal, while short interest is extremely high at 66.6% of float. The bottom line: Chardan's initiation reinforces the bullish consensus, but insider exits and heavy short positioning warrant caution.
Impact Score
Consensus & Targets
Of 10 analysts covering HIVE, 2 rate it Strong Buy, 7 Buy, and 1 Hold — a 90% Buy-equivalent consensus. No Sell ratings. The direction is overwhelmingly bullish, and Chardan's initiation aligns with that view.
The mean price target is $7.07, median $7.00, high $10.00 (Canaccord Genuity), and low $5.00 (Keefe Bruyette). At $2.96, the stock trades at a 58% discount to the mean target. Chardan's $7.50 target sits slightly above the mean and median.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-07-27 | Chardan Capital | initiate | Buy | $7.50 |
| 2026-06-05 | Keefe, Bruyette & Woods | maintain | Market Perform | $5.00 |
| 2026-06-05 | Canaccord Genuity | maintain | Buy | $10.00 |
| 2026-06-03 | B. Riley Securities | maintain | Buy | $8.00 |
| 2026-06-03 | Rosenblatt | maintain | Buy | $5.50 |
| 2026-06-03 | HC Wainwright & Co. | reiterate | Buy | $7.00 |
| 2026-05-19 | Cantor Fitzgerald | maintain | Overweight | $4.60 |
| 2026-04-24 | Canaccord Genuity | maintain | Buy | $10.00 |
| 2026-04-09 | Cantor Fitzgerald | maintain | Overweight | — |
| 2026-02-18 | Rosenblatt | maintain | Buy | $4.50 |
Analyst activity in the past 30 days shows 1 upgrade (this initiation) and 0 downgrades. EPS revisions for the current quarter show 1 upward and 1 downward revision in the last 30 days, net neutral. Estimates for the next fiscal year remain unchanged.
Firm Track Record — Chardan Capital
Chardan Capital accuracy: 49% on 408 calls | avg return: 7.8%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 4 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Cantor Fitzgerald | 50% | 2/4 | 10.1% | below average |
| Rosenblatt | 50% | 2/4 | 4.1% | below average |
| Canaccord Genuity | 38% | 3/8 | -7.4% | below average |
| HC Wainwright & Co. | 20% | 1/5 | -12.4% | below average |
Chardan Capital has a 49% accuracy rate on 408 scored calls with an average return of 7.8%. Among firms covering HIVE, Cantor Fitzgerald and Rosenblatt each have 50% accuracy (on 4 calls), Canaccord Genuity 38% (8 calls), and HC Wainwright 20% (5 calls). Chardan's accuracy is in line with the best of this group.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0y | $0.09 | $0.09 — $0.09 | $400.1M | ↑0 ↓0 |
| +1q | $-0.19 | $-0.22 — $-0.13 | $90.7M | ↑1 ↓0 |
| 0q | $-0.19 | $-0.21 — $-0.12 | $83.1M | ↑1 ↓0 |
| +1y | $0.24 | $0.24 — $0.24 | $499.3M | ↑0 ↓0 |
Cross-Platform Signals
Insider trading shows significant selling: CFO Daubaras Darcy sold ~$320k on July 15, director MCGEE SUSAN B sold ~$884k in June, and CEO Perrill Dave sold ~$821k on June 19 — total over $2M. This diverges from the bullish analyst initiation. Institutional activity is mixed: Invesco and Farther Finance doubled positions, while Renaissance and Lazard trimmed. Short interest is extremely high at 66.6% of float, indicating heavy bearish positioning. No congressional trades.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 8-K | $2.90 $3.37 | ▲ +16.21% | ▲ +13.64% | $2.96 (+2.24%) |
Aug 17, 2026 6w ago | 8-K | $3.07 $2.86 | ▼ −6.84% | ▼ −5.65% | $2.96 (−3.42%) |
Jul 27, 2026 9w ago | ANALYST-UPGRADE | $2.95 $2.83 | ▼ −4.07% | ▼ −5.14% | $2.96 (+0.51%) |
Jun 22, 2026 14w ago | 8-K | $4.63 $3.76 | ▼ −18.79% | ▼ −19.80% | $2.96 (−35.96%) |
Jun 5, 2026 16w ago | Insider Cluster | $3.96 $3.96 | · 0.00% | ▼ −2.11% | $2.96 (−25.13%) |
Jun 2, 2026 17w ago | 8-K | $4.54 $3.74 | ▼ −17.62% | ▼ −14.66% | $2.96 (−34.69%) |
May 12, 2026 20w ago | 8-K | $2.82 $3.46 | ▲ +22.70% | ▲ +22.62% | $2.96 (+5.14%) |
May 7, 2026 21w ago | 8-K | $2.82 $2.97 | ▲ +5.32% | ▲ +3.86% | $2.96 (+5.14%) |
Apr 22, 2026 23w ago | 8-K | $2.60 $2.24 | ▼ −13.85% | ▼ −13.90% | $2.96 (+14.04%) |
Apr 15, 2026 24w ago | 8-K | $2.19 $2.54 | ▲ +15.98% | ▲ +15.00% | $2.96 (+35.39%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access