Keefe, Bruyette & Woods Initiates Coverage on HIVE Digital Technologies (NASDAQ:HIVE)

Keefe, Bruyette & Woods started coverage on shares of HIVE Digital Technologies (NASDAQ:HIVE - Free Report) in a research note released on Wednesday morning, MarketBeat reports. The brokerage issued an outperform rating on the stock.

HIVE has been the topic of a number of other research reports. Roth Mkm started coverage on shares of HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a "buy" rating and a $7.50 target price on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $8.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. Roth Capital upgraded HIVE Digital Technologies to a "strong-buy" rating in a report on Wednesday, December 18th. Northland Capmk raised shares of HIVE Digital Technologies to a "strong-buy" rating in a research report on Thursday, September 19th. Finally, Northland Securities raised their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, HIVE Digital Technologies presently has an average rating of "Buy" and an average price target of $7.42.

HIVE Digital Technologies Trading Down 0.3 %

HIVE stock traded down $0.01 during trading on Wednesday, reaching $3.12. 10,170,886 shares of the stock were exchanged, compared to its average volume of 11,599,647. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $437.39 million, a price-to-earnings ratio of -22.28 and a beta of 3.46. The business has a 50 day moving average price of $3.82 and a 200-day moving average price of $3.47. HIVE Digital Technologies has a 1 year low of $2.18 and a 1 year high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $25.32 million. During the same quarter last year, the firm earned ($0.29) earnings per share. On average, research analysts predict that HIVE Digital Technologies will post -0.33 earnings per share for the current year.

Institutional Trading of HIVE Digital Technologies

Large investors have recently made changes to their positions in the company. State Street Corp grew its holdings in HIVE Digital Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 3,214,101 shares of the company's stock worth $10,060,000 after acquiring an additional 91,056 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of HIVE Digital Technologies during the third quarter worth $463,000. Wellington Management Group LLP acquired a new position in shares of HIVE Digital Technologies during the third quarter worth $120,000. Centiva Capital LP purchased a new position in HIVE Digital Technologies in the third quarter valued at $235,000. Finally, Charles Schwab Investment Management Inc. raised its stake in HIVE Digital Technologies by 48.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company's stock valued at $1,018,000 after buying an additional 106,103 shares in the last quarter. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

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.