XTX Topco Ltd Invests $463,000 in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

XTX Topco Ltd purchased a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 147,923 shares of the company's stock, valued at approximately $463,000. XTX Topco Ltd owned approximately 0.12% of HIVE Digital Technologies as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lifeworks Advisors LLC bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $35,000. Vanguard Personalized Indexing Management LLC purchased a new position in HIVE Digital Technologies in the second quarter worth about $36,000. Gladstone Institutional Advisory LLC bought a new position in shares of HIVE Digital Technologies in the third quarter worth approximately $44,000. Quadrature Capital Ltd purchased a new stake in shares of HIVE Digital Technologies during the third quarter valued at approximately $50,000. Finally, Wellington Management Group LLP bought a new stake in shares of HIVE Digital Technologies during the third quarter valued at approximately $120,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HIVE has been the subject of several recent analyst reports. Northland Securities boosted their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $9.00 price target on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. HC Wainwright reissued a "buy" rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, December 3rd. Canaccord Genuity Group raised their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Northland Capmk raised shares of HIVE Digital Technologies to a "strong-buy" rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HIVE Digital Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $7.40.

HIVE Digital Technologies Stock Performance

Shares of HIVE traded down $0.05 on Friday, reaching $3.81. The company's stock had a trading volume of 5,415,117 shares, compared to its average volume of 3,901,704. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56. The stock has a market capitalization of $512.93 million, a P/E ratio of -27.21 and a beta of 3.39. The stock's 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $3.44. HIVE Digital Technologies Ltd. has a 12-month low of $2.18 and a 12-month high of $5.74.

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

HIVE Digital Technologies Profile

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.