XTX Topco Ltd raised its position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 126.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,499 shares of the company's stock after buying an additional 187,576 shares during the quarter. XTX Topco Ltd owned 0.23% of HIVE Digital Technologies worth $956,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Phoenix Financial Ltd. lifted its position in shares of HIVE Digital Technologies by 89.8% during the 4th quarter. Phoenix Financial Ltd. now owns 115,200 shares of the company's stock valued at $328,000 after acquiring an additional 54,500 shares during the period. Invesco Ltd. boosted its holdings in shares of HIVE Digital Technologies by 12.8% in the 4th quarter. Invesco Ltd. now owns 101,092 shares of the company's stock valued at $288,000 after purchasing an additional 11,458 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of HIVE Digital Technologies in the 4th quarter valued at approximately $126,000. Wells Fargo & Company MN grew its stake in shares of HIVE Digital Technologies by 60.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company's stock worth $44,000 after buying an additional 5,800 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in HIVE Digital Technologies in the 4th quarter worth about $53,000. Institutional investors and hedge funds own 24.42% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price target (up previously from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday, February 13th. Rosenblatt Securities initiated coverage on HIVE Digital Technologies in a research report on Friday, March 7th. They issued a "buy" rating and a $6.00 price objective for the company. Cantor Fitzgerald decreased their target price 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. StockNews.com upgraded HIVE Digital Technologies to a "sell" rating in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods began coverage on shares of HIVE Digital Technologies in a research report on Wednesday, January 8th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $7.64.
Read Our Latest Research Report on HIVE Digital Technologies
HIVE Digital Technologies Stock Up 11.1 %
HIVE traded up $0.17 during midday trading on Tuesday, reaching $1.65. 4,690,887 shares of the company were exchanged, compared to its average volume of 6,043,891. HIVE Digital Technologies Ltd. has a one year low of $1.26 and a one year high of $5.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.41 and a current ratio of 10.41. The company's fifty day moving average price is $1.83 and its 200 day moving average price is $2.93. The company has a market cap of $272.44 million, a price-to-earnings ratio of -32.70 and a beta of 3.55.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate 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%. As a group, analysts expect that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current year.
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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