HIVE Digital Technologies (NASDAQ:HIVE) Given Buy Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE - Free Report) in a research report report published on Wednesday morning,Benzinga reports. HC Wainwright currently has a $8.00 target price on the stock.

Several other equities analysts have also commented on the company. Northland Securities raised their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Roth Mkm began coverage on HIVE Digital Technologies in a report on Thursday, December 19th. They issued a "buy" rating and a $7.50 price objective for the company. Cantor Fitzgerald restated an "overweight" rating and set a $9.00 price target on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. StockNews.com raised HIVE Digital Technologies to a "sell" rating in a research report on Tuesday, January 14th. Finally, Roth Capital upgraded HIVE Digital Technologies to a "strong-buy" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $7.42.

HIVE Digital Technologies Trading Down 4.9 %

Shares of HIVE Digital Technologies stock traded down $0.15 on Wednesday, hitting $2.93. The stock had a trading volume of 15,803,968 shares, compared to its average volume of 9,475,506. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.54. The stock has a market cap of $427.25 million, a price-to-earnings ratio of -20.93 and a beta of 3.46. The stock's 50-day simple moving average is $3.38 and its two-hundred day simple moving average is $3.44.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. The company had revenue of $22.65 million during the quarter, compared to analyst estimates of $25.32 million. During the same quarter last year, the firm posted ($0.29) earnings per share. As a group, sell-side analysts predict that HIVE Digital Technologies will post -0.34 EPS for the current year.

Institutional Trading of HIVE Digital Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of HIVE. State Street Corp increased its stake in shares of HIVE Digital Technologies by 2.9% during the third 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 during the period. XTX Topco Ltd bought a new stake in HIVE Digital Technologies during the third quarter valued at about $463,000. Wellington Management Group LLP bought a new stake in HIVE Digital Technologies during the third quarter valued at about $120,000. Centiva Capital LP bought a new stake in HIVE Digital Technologies during the third quarter valued at about $235,000. Finally, Charles Schwab Investment Management Inc. boosted its position in HIVE Digital Technologies by 48.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company's stock valued at $1,018,000 after purchasing an additional 106,103 shares in the last quarter. Hedge funds and other institutional investors own 24.42% of the company's stock.

About HIVE Digital Technologies

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.