HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) had its price target decreased by Cantor Fitzgerald from $10.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's target price suggests a potential upside of 368.93% from the stock's current price.
Other research analysts have also recently issued research reports about the company. Northland Securities boosted their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their price target on HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods started coverage on shares of HIVE Digital Technologies in a research report on Wednesday, January 8th. They issued an "outperform" rating for the company. Roth Capital raised shares of HIVE Digital Technologies to a "strong-buy" rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities initiated coverage on shares of HIVE Digital Technologies in a research note on Friday. They issued a "buy" rating and a $6.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HIVE Digital Technologies has a consensus rating of "Buy" and an average target price of $7.64.
Read Our Latest Stock Analysis on HIVE
HIVE Digital Technologies Trading Down 1.4 %
NASDAQ HIVE traded down $0.02 during mid-day trading on Tuesday, hitting $1.71. The company's stock had a trading volume of 1,587,101 shares, compared to its average volume of 5,411,912. The firm has a market capitalization of $269.71 million, a P/E ratio of -34.50 and a beta of 3.51. 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 has a 52-week low of $1.68 and a 52-week high of $5.54. The stock's fifty day simple moving average is $2.75 and its two-hundred day simple moving average is $3.28.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued 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%. Research analysts expect that HIVE Digital Technologies will post -0.32 EPS for the current year.
Institutional Trading of HIVE Digital Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lifeworks Advisors LLC grew its holdings in HIVE Digital Technologies by 46.2% during the 4th quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company's stock worth $46,000 after acquiring an additional 5,152 shares in the last quarter. Impact Partnership Wealth LLC lifted its position in shares of HIVE Digital Technologies by 11.0% during the fourth quarter. Impact Partnership Wealth LLC now owns 53,231 shares of the company's stock worth $152,000 after purchasing an additional 5,277 shares during the last quarter. Wells Fargo & Company MN lifted its position 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 purchasing an additional 5,800 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in HIVE Digital Technologies by 15.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,351 shares of the company's stock worth $178,000 after purchasing an additional 8,158 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in HIVE Digital Technologies in the fourth quarter valued at about $26,000. Institutional investors own 24.42% of the company's stock.
HIVE Digital Technologies Company Profile
(
Get 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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