HIVE Digital Technologies (NASDAQ:HIVE) Raised to Sell at StockNews.com

StockNews.com upgraded shares of HIVE Digital Technologies (NASDAQ:HIVE - Free Report) to a sell rating in a research report released on Tuesday morning.

Several other brokerages also recently weighed in on HIVE. Canaccord Genuity Group upped their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Northland Capmk raised HIVE Digital Technologies to a "strong-buy" rating in a report on Thursday, September 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $9.00 price target on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Northland Securities increased their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, Roth Mkm began coverage on HIVE Digital Technologies in a research note on Thursday, December 19th. They set a "buy" rating and a $7.50 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HIVE Digital Technologies has an average rating of "Buy" and an average price target of $7.42.

HIVE Digital Technologies Price Performance

Shares of HIVE Digital Technologies stock traded up $0.01 on Tuesday, reaching $2.92. The company's stock had a trading volume of 8,221,382 shares, compared to its average volume of 10,212,876. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $409.35 million, a P/E ratio of -20.86 and a beta of 3.46. The stock has a 50-day moving average price of $3.75 and a 200-day moving average price of $3.47. HIVE Digital Technologies has a 52-week low of $2.18 and a 52-week high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $22.65 million during the quarter, compared to analyst estimates of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same quarter in the previous year, the firm earned ($0.29) EPS. Analysts expect that HIVE Digital Technologies will post -0.33 EPS for the current year.

Institutional Investors Weigh In On HIVE Digital Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HIVE Digital Technologies in the second quarter valued at $36,000. Gladstone Institutional Advisory LLC acquired a new stake in HIVE Digital Technologies in the 3rd quarter worth about $44,000. Lifeworks Advisors LLC purchased a new stake in HIVE Digital Technologies in the 3rd quarter valued at about $35,000. Charles Schwab Investment Management Inc. increased its stake in shares of HIVE Digital Technologies by 48.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company's stock valued at $1,018,000 after acquiring an additional 106,103 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at $235,000. Institutional investors and hedge funds 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.