Generali Investments CEE investicni spolecnost a.s. Takes Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 722,110 shares of the company's stock, valued at approximately $2,058,000. Generali Investments CEE investicni spolecnost a.s. owned approximately 0.49% of HIVE Digital Technologies at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of HIVE Digital Technologies by 126.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company's stock worth $2,098,000 after buying an additional 411,071 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in HIVE Digital Technologies in the 4th quarter valued at approximately $70,000. Van ECK Associates Corp boosted its position in HIVE Digital Technologies by 17.9% during the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company's stock worth $13,003,000 after buying an additional 692,799 shares during the period. Gladstone Institutional Advisory LLC grew its holdings in HIVE Digital Technologies by 114.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 30,025 shares of the company's stock worth $86,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Tobam lifted its holdings in shares of HIVE Digital Technologies by 198.6% during the fourth quarter. Tobam now owns 19,060 shares of the company's stock worth $54,000 after purchasing an additional 12,676 shares during the period. Institutional investors own 24.42% of the company's stock.

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HIVE Digital Technologies Price Performance

HIVE Digital Technologies stock remained flat at $1.76 during mid-day trading on Wednesday. 8,044,162 shares of the company's stock were exchanged, compared to its average volume of 5,450,698. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.41 and a quick ratio of 10.41. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.67 and a fifty-two week high of $5.54. The stock has a market capitalization of $278.24 million, a price-to-earnings ratio of -35.20 and a beta of 3.51. The stock's 50-day moving average price is $2.73 and its 200 day moving average price is $3.26.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released 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 return on equity of 8.95% and a negative net margin of 5.45%. On average, sell-side analysts anticipate that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current year.

Analysts Set New Price Targets

HIVE has been the topic of a number of research analyst reports. Rosenblatt Securities initiated coverage on shares of HIVE Digital Technologies in a research report on Friday, March 7th. They set a "buy" rating and a $6.00 price target on the stock. Cantor Fitzgerald decreased their price target on shares of HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Tuesday. Canaccord Genuity Group increased their price objective on shares of HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Roth Mkm started coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a "buy" rating and a $7.50 target price for the company. Finally, Northland Securities increased their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $7.64.

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.