Quantbot Technologies LP acquired a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 299,647 shares of the company's stock, valued at approximately $854,000. Quantbot Technologies LP owned approximately 0.20% of HIVE Digital Technologies as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at approximately $2,058,000. Van ECK Associates Corp raised its holdings in shares of HIVE Digital Technologies by 17.9% during the fourth quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company's stock worth $13,003,000 after purchasing an additional 692,799 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of HIVE Digital Technologies by 126.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company's stock worth $2,098,000 after buying an additional 411,071 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at about $463,000. Finally, State Street Corp boosted its holdings in shares of HIVE Digital Technologies by 2.9% in the 3rd 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. Institutional investors own 24.42% of the company's stock.
HIVE Digital Technologies Price Performance
HIVE traded down $0.11 on Friday, reaching $1.50. The company had a trading volume of 8,159,346 shares, compared to its average volume of 5,729,835. HIVE Digital Technologies Ltd. has a one year low of $1.48 and a one year high of $5.54. The company has a market capitalization of $237.14 million, a P/E ratio of -30.00 and a beta of 3.51. The company has a fifty day moving average of $2.36 and a 200-day moving average of $3.14. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.03.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on HIVE. StockNews.com upgraded shares of HIVE Digital Technologies to a "sell" rating in a research note on Tuesday, January 14th. Roth Mkm started coverage on HIVE Digital Technologies in a report on Thursday, December 19th. They issued a "buy" rating and a $7.50 price target on the stock. Canaccord Genuity Group restated a "buy" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday. Rosenblatt Securities initiated coverage on HIVE Digital Technologies in a research note on Friday, March 7th. They issued a "buy" rating and a $6.00 target price on the stock. Finally, Roth Capital upgraded shares of HIVE Digital Technologies to a "strong-buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $7.64.
Check Out Our Latest Report on HIVE Digital Technologies
About HIVE Digital Technologies
(
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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