Charles Schwab Investment Management Inc. increased its stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 126.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 736,287 shares of the company's stock after purchasing an additional 411,071 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.50% of HIVE Digital Technologies worth $2,098,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its holdings in HIVE Digital Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 3,214,101 shares of the company's stock valued at $10,060,000 after buying an additional 91,056 shares in the last quarter. Van ECK Associates Corp grew its stake in HIVE Digital Technologies by 17.9% during the fourth quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company's stock valued at $13,003,000 after acquiring an additional 692,799 shares in the last quarter. XTX Topco Ltd bought a new stake in HIVE Digital Technologies during the 3rd quarter worth approximately $463,000. Wellington Management Group LLP purchased a new stake in HIVE Digital Technologies in the 3rd quarter worth approximately $120,000. Finally, Centiva Capital LP bought a new position in HIVE Digital Technologies in the 3rd quarter valued at $235,000. 24.42% of the stock is currently owned by institutional investors.
HIVE Digital Technologies Trading Up 4.5 %
Shares of HIVE traded up $0.07 during mid-day trading on Wednesday, reaching $1.61. The company's stock had a trading volume of 9,510,783 shares, compared to its average volume of 5,794,994. HIVE Digital Technologies Ltd. has a 52 week low of $1.38 and a 52 week high of $5.54. The stock has a market cap of $264.99 million, a PE ratio of -32.20 and a beta of 3.51. The company's fifty day moving average price is $2.26 and its two-hundred day moving average price is $3.11. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.03.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 5.45% and a negative return on equity of 8.95%. On average, analysts predict that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
HIVE has been the topic of several research analyst reports. StockNews.com raised shares of HIVE Digital Technologies to a "sell" rating in a report on Tuesday, January 14th. Cantor Fitzgerald decreased their target price on HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Roth Capital upgraded HIVE Digital Technologies to a "strong-buy" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group restated a "buy" rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Wednesday, March 26th. Finally, Rosenblatt Securities started coverage on shares of HIVE Digital Technologies in a research report on Friday, March 7th. They set a "buy" rating and a $6.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $7.64.
View Our Latest Stock Analysis on HIVE
About HIVE Digital Technologies
(
Free Report)
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.
Further Reading
Before you consider HIVE Digital Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HIVE Digital Technologies wasn't on the list.
While HIVE Digital Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
