Van ECK Associates Corp raised its position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,562,489 shares of the company's stock after acquiring an additional 692,799 shares during the quarter. Van ECK Associates Corp owned approximately 3.16% of HIVE Digital Technologies worth $13,003,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HIVE. Lifeworks Advisors LLC purchased a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at approximately $35,000. Gladstone Institutional Advisory LLC purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at approximately $44,000. Quadrature Capital Ltd bought a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at $50,000. Tobam lifted its holdings in HIVE Digital Technologies by 198.6% in the fourth quarter. Tobam now owns 19,060 shares of the company's stock valued at $54,000 after acquiring an additional 12,676 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies in the third quarter worth approximately $120,000. Institutional investors own 24.42% of the company's stock.
HIVE Digital Technologies Price Performance
HIVE traded down $0.06 during trading on Wednesday, reaching $2.75. The company's stock had a trading volume of 8,222,304 shares, compared to its average volume of 10,531,815. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $3.35. The company has a market cap of $407.19 million, a price-to-earnings ratio of -55.00 and a beta of 3.46. HIVE Digital Technologies Ltd. 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 issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 8.95% and a negative net margin of 5.45%. As a group, analysts anticipate that HIVE Digital Technologies Ltd. will post -0.33 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on HIVE shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. HC Wainwright reissued a "buy" rating and set a $10.00 price target (up from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday, February 13th. Roth Capital upgraded shares of HIVE Digital Technologies to a "strong-buy" rating in a report on Wednesday, December 18th. Canaccord Genuity Group increased their price target on HIVE Digital Technologies from $8.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Northland Securities boosted their target price on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $8.08.
Get Our Latest Stock Report on HIVE Digital Technologies
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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