HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Receives Consensus Rating of “Buy” from Analysts

Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) have received an average rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.08.

HIVE has been the topic of a number of recent research reports. Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Canaccord Genuity Group increased their price objective on HIVE Digital Technologies from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm initiated coverage on shares of HIVE Digital Technologies in a research note on Thursday, December 19th. They issued a “buy” rating and a $7.50 target price for the company. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. Finally, Northland Securities lifted their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of large investors have recently bought and sold shares of the stock. Lifeworks Advisors LLC increased its holdings in shares of HIVE Digital Technologies by 46.2% during the 4th quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company’s stock worth $46,000 after buying an additional 5,152 shares during the last quarter. Impact Partnership Wealth LLC raised its holdings in shares of HIVE Digital Technologies by 11.0% in the 4th quarter. Impact Partnership Wealth LLC now owns 53,231 shares of the company’s stock worth $152,000 after purchasing an additional 5,277 shares during the period. Wells Fargo & Company MN lifted its stake in shares of HIVE Digital Technologies by 60.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock valued at $44,000 after purchasing an additional 5,800 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of HIVE Digital Technologies by 15.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,351 shares of the company’s stock worth $178,000 after purchasing an additional 8,158 shares during the period. Finally, Plancorp LLC increased its position in HIVE Digital Technologies by 90.5% during the 4th quarter. Plancorp LLC now owns 20,000 shares of the company’s stock worth $57,000 after purchasing an additional 9,500 shares in the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Down 0.3 %

HIVE opened at $2.85 on Friday. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.54. The company has a market cap of $422.00 million, a price-to-earnings ratio of -20.36 and a beta of 3.46. The business’s fifty day moving average is $3.14 and its two-hundred day moving average is $3.36. 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) last posted its earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. Analysts anticipate that HIVE Digital Technologies will post -0.34 EPS for the current fiscal year.

HIVE Digital Technologies Company 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.