Charles Schwab Investment Management Inc. raised its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 126.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 736,287 shares of the company's stock after acquiring an additional 411,071 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.50% of HIVE Digital Technologies worth $2,098,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in HIVE. State Street Corp lifted its position in shares of HIVE Digital Technologies by 2.9% in the third quarter. State Street Corp now owns 3,214,101 shares of the company's stock worth $10,060,000 after buying an additional 91,056 shares in the last quarter. Van ECK Associates Corp increased its stake in HIVE Digital Technologies by 17.9% in the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company's stock worth $13,003,000 after acquiring an additional 692,799 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of HIVE Digital Technologies during the 3rd quarter worth approximately $463,000. Wellington Management Group LLP bought a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at approximately $120,000. Finally, Centiva Capital LP purchased a new position in shares of HIVE Digital Technologies in the third quarter valued at $235,000. 24.42% of the stock is currently owned by hedge funds and other institutional investors.
HIVE Digital Technologies Stock Up 3.8 %
Shares of HIVE traded up $0.06 during midday trading on Tuesday, reaching $1.51. 6,942,630 shares of the stock were exchanged, compared to its average volume of 5,740,073. The company has a market capitalization of $247.71 million, a P/E ratio of -30.10 and a beta of 3.51. 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 Ltd. has a 52 week low of $1.38 and a 52 week high of $5.54. The company's 50 day moving average is $2.32 and its two-hundred day moving average is $3.13.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HIVE. StockNews.com upgraded shares of HIVE Digital Technologies to a "sell" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an "outperform" rating on the stock. Cantor Fitzgerald lowered their price objective on HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and set a $10.00 target price (up previously from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. Finally, Roth Mkm assumed coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a "buy" rating and a $7.50 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, HIVE Digital Technologies currently has a consensus rating of "Buy" and a consensus target price of $7.64.
Check Out Our Latest Research Report on HIVE
HIVE Digital Technologies Profile
(
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.
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