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Aerohive Networks Inc (HIVE) Stock Forecast & Price Prediction

Live HIVE Stock Price & Analysis

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$2.83

-0.02 (-0.70%)

12 Month Price Forecast For HIVE

$2.83
Current Price
$372.29M
Market Cap
7 Ratings
Buy 7
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to HIVE Price Forecasts

+288.7%
To High Target of $11.00
+165.0%
To Median Target of $7.50
+112.0%
To Low Target of $6.00

HIVE Price Momentum

-3.4%
1 Week Change
-9.3%
1 Month Change
-17.3%
1 Year Change
-0.7%
Year-to-Date Change
-48.9%
From 52W High of $5.54
+29.8%
From 52W Low of $2.18

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 8, 2025 3:38 AM UTC

HIVE Analyst Ratings & Price Targets

Based on our analysis of 8 Wall Street analysts, HIVE has a consensus that is bullish. The median price target is $7.50, with forecasts ranging from $6.00 to $11.00. Currently, there are 7 Buy ratings, 0 Hold ratings, and 0 Sell ratings.

With HIVE currently trading at $2.83, the median price forecast suggests a 165.0% upside. The most optimistic forecast comes from at , projecting a 288.7% upside, while Joseph Vafi at Canaccord Genuity provides the most conservative target, suggesting a 112.0% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

HIVE Analyst Consensus

7
Buy
0
Hold
0
Sell

HIVE Price Target Range

Low
$6.00
Average
$7.50
High
$11.00
Current: $2.83

Latest HIVE Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for HIVE.

Date Firm Analyst Rating Change Price Target
Feb 6, 2025 Canaccord Genuity Joseph Vafi Buy Maintains $8.00
Jan 29, 2025 HC Wainwright & Co. Mike Colonnese Buy Reiterates $8.00
Dec 19, 2024 Roth MKM Darren Aftahi Buy Initiates $7.50
Dec 3, 2024 HC Wainwright & Co. Mike Colonnese Buy Reiterates $8.00
Nov 19, 2024 Cantor Fitzgerald Brett Knoblauch Overweight Reiterates $9.00
Nov 14, 2024 HC Wainwright & Co. Mike Colonnese Buy Maintains $8.00
Nov 14, 2024 Northland Capital Markets Mike Grondahl Outperform Maintains $7.00
Nov 14, 2024 Canaccord Genuity Joseph Vafi Buy Maintains $7.00
Oct 29, 2024 Cantor Fitzgerald Brett Knoblauch Overweight Initiates $9.00
Sep 19, 2024 Northland Capital Markets Mike Grondahl Outperform Initiates $5.50
Aug 21, 2024 Canaccord Genuity Joseph Vafi Buy Maintains $6.00
Aug 15, 2024 HC Wainwright & Co. Mike Colonnese Buy Upgrade $5.00
Jul 22, 2024 HC Wainwright & Co. Mike Colonnese Neutral Maintains $4.00
Jul 19, 2024 B. Riley Securities Lucas Piper Buy Initiates $6.00
Jun 26, 2024 Canaccord Genuity Joseph Vafi Buy Maintains $6.00
Jun 26, 2024 HC Wainwright & Co. Mike Colonnese Neutral Reiterates $3.50
Mar 28, 2024 Canaccord Genuity Joseph Vafi Buy Reiterates $6.00
Feb 19, 2024 Canaccord Genuity Joseph Vafi Buy Reiterates $6.00
Feb 14, 2024 HC Wainwright & Co. Mike Colonnese Neutral Reiterates $3.50
Nov 20, 2023 HC Wainwright & Co. Mike Colonnese Neutral Downgrade $3.50

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The following stocks are similar to Aerohive based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Aerohive Networks Inc (HIVE) Financial Data

Aerohive Networks Inc has a market capitalization of $372.29M with a P/E ratio of -5.0x. The company generates $123.02M in trailing twelve-month revenue with a -12.0% profit margin.

Revenue growth is -0.5% quarter-over-quarter, while maintaining an operating margin of -91.6% and return on equity of -7.4%.

Valuation Metrics

Market Cap $372.29M
Enterprise Value $334.16M
P/E Ratio -5.0x
PEG Ratio 57.7x
Price/Sales 3.0x

Growth & Margins

Revenue Growth (YoY) -0.5%
Gross Margin -67.3%
Operating Margin -91.6%
Net Margin -12.0%
EPS Growth +11.9%

Financial Health

Cash/Price Ratio +9.4%
Current Ratio 5.6x
Debt/Equity 10.0x
ROE -7.4%
ROA -8.5%

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Aerohive Networks Inc logo

Aerohive Networks Inc (HIVE) Company Overview

About Aerohive Networks Inc

What They Do

Engages in mining and selling digital currencies.

Business Model

The company operates data centers that mine cryptocurrencies such as Bitcoin, generating revenue through the sale of these digital currencies. Additionally, it provides infrastructure solutions and computational capacity to support distributed networks in the blockchain sector.

Additional Information

HIVE Digital Technologies Ltd. was formerly known as HIVE Blockchain Technologies Ltd. and rebranded in July 2023. Established in 1987, the company is headquartered in Vancouver, Canada, and has operations in Canada, Sweden, and Iceland.

Company Information

Sector

Financial Services

Industry

Capital Markets

Employees

20

CEO

Mr. Aydin Kilic

Country

Canada

IPO Year

2009

Aerohive Networks Inc (HIVE) Latest News & Analysis

HIVE stock latest news image
Quick Summary

HIVE Digital Technologies mined 102 Bitcoin in January, raising total holdings to 2,657 BTC valued at $271 million. The company maintained a mining capacity of 5.7 EH/s.

Why It Matters

HIVE's increased Bitcoin holdings and strong mining capacity indicate robust operational performance, potentially enhancing investor confidence and impacting stock valuation positively.

Source: Proactive Investors
Market Sentiment: Positive
HIVE stock latest news image
Quick Summary

HIVE Digital Technologies Ltd. issued a designated news release related to its prospectus supplement dated October 3, 2024, under its short form base shelf prospectus from September 11, 2024.

Why It Matters

The designated news release indicates HIVE Digital Technologies Ltd. is updating investors on significant information related to its prospectus, potentially affecting stock valuation and market perception.

Source: Newsfile Corp
Market Sentiment: Neutral
HIVE stock latest news image
Quick Summary

HIVE Digital Technologies Ltd. issued a designated news release related to its prospectus supplement dated October 3, 2024, under its short form base shelf prospectus from September 11, 2024.

Why It Matters

The designation of the news release may signal key updates or developments regarding HIVE Digital Technologies Ltd.'s financial offerings, potentially affecting stock performance and investor sentiment.

Source: Newsfile Corp
Market Sentiment: Neutral
HIVE stock latest news image
Quick Summary

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) signed a LOI to acquire Bitfarms' 200-MW hydro-powered Bitcoin mining facility in Paraguay for $56 million, boosting its mining capacity to 25 EH/s by September 2025.

Why It Matters

HIVE's acquisition of Bitfarms' hydro-powered facility will significantly boost its Bitcoin mining capacity, potentially enhancing revenue and market position in the growing cryptocurrency sector.

Source: Proactive Investors
Market Sentiment: Positive
HIVE stock latest news image
Quick Summary

HIVE Digital Technologies Ltd. issued a designated news release related to its prospectus supplement dated October 3, 2024, under its short form base shelf prospectus from September 11, 2024.

Why It Matters

The designated news release indicates HIVE Digital Technologies Ltd. is providing critical updates related to its financial offerings, impacting investor confidence and potential stock performance.

Source: Newsfile Corp
Market Sentiment: Neutral
HIVE stock latest news image
Quick Summary

HIVE Digital Technologies Ltd. issued a designated news release related to its prospectus supplement dated October 3, 2024, under its short form base shelf prospectus from September 11, 2024.

Why It Matters

The designated news release indicates HIVE Digital Technologies Ltd. is providing crucial updates relevant to its ongoing financing, potentially impacting share price and investor confidence.

Source: Newsfile Corp
Market Sentiment: Neutral

Frequently Asked Questions About HIVE Stock

What is Aerohive Networks Inc's (HIVE) stock forecast for 2025?

Based on our analysis of 8 Wall Street analysts, Aerohive Networks Inc (HIVE) has a median price target of $7.50. The highest price target is $11.00 and the lowest is $6.00.

Is HIVE stock a good investment in 2025?

According to current analyst ratings, HIVE has 7 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.83. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for HIVE stock?

Wall Street analysts predict HIVE stock could reach $7.50 in the next 12 months. This represents a 165.0% increase from the current price of $2.83. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Aerohive Networks Inc's business model?

The company operates data centers that mine cryptocurrencies such as Bitcoin, generating revenue through the sale of these digital currencies. Additionally, it provides infrastructure solutions and computational capacity to support distributed networks in the blockchain sector.

What is the highest forecasted price for HIVE Aerohive Networks Inc?

The highest price target for HIVE is $11.00 from at , which represents a 288.7% increase from the current price of $2.83.

What is the lowest forecasted price for HIVE Aerohive Networks Inc?

The lowest price target for HIVE is $6.00 from Joseph Vafi at Canaccord Genuity, which represents a 112.0% increase from the current price of $2.83.

What is the overall HIVE consensus from analysts for Aerohive Networks Inc?

The overall analyst consensus for HIVE is bullish. Out of 8 Wall Street analysts, 7 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $7.50.

How accurate are HIVE stock price projections?

Stock price projections, including those for Aerohive Networks Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.