Tidal Investments LLC decreased its position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,010,315 shares of the company's stock after selling 265,850 shares during the quarter. Tidal Investments LLC owned about 3.16% of HIVE Digital Technologies worth $12,552,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Lifeworks Advisors LLC bought a new position in shares of HIVE Digital Technologies during the third quarter worth $35,000. Vanguard Personalized Indexing Management LLC acquired a new stake in HIVE Digital Technologies during the 2nd quarter worth $36,000. Gladstone Institutional Advisory LLC bought a new position in HIVE Digital Technologies during the third quarter worth about $44,000. Quadrature Capital Ltd acquired a new position in HIVE Digital Technologies in the third quarter valued at about $50,000. Finally, Wellington Management Group LLP bought a new stake in shares of HIVE Digital Technologies in the third quarter worth about $120,000. Institutional investors and hedge funds own 24.42% of the company's stock.
HIVE Digital Technologies Stock Down 0.5 %
Shares of HIVE stock traded down $0.02 during trading on Friday, reaching $3.84. The company's stock had a trading volume of 4,647,932 shares, compared to its average volume of 3,897,516. HIVE Digital Technologies Ltd. has a one year low of $2.18 and a one year high of $5.74. The business has a fifty day moving average price of $3.91 and a 200-day moving average price of $3.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56.
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 firm had revenue of $22.65 million for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted ($0.29) EPS. Analysts predict that HIVE Digital Technologies Ltd. will post -0.33 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Northland Capmk upgraded HIVE Digital Technologies to a "strong-buy" rating in a report on Thursday, September 19th. StockNews.com raised shares of HIVE Digital Technologies to a "sell" rating in a research note on Tuesday, December 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Northland Securities boosted 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 report on Thursday, November 14th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $8.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.40.
Read Our Latest Stock Report on HIVE
HIVE Digital Technologies Company Profile
(
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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