SBI Securities Co. Ltd. Invests $70,000 in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

SBI Securities Co. Ltd. bought a new position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 24,415 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of HIVE Digital Technologies by 2.9% during the third quarter. State Street Corp now owns 3,214,101 shares of the company’s stock worth $10,060,000 after buying an additional 91,056 shares during the period. Van ECK Associates Corp grew its stake in HIVE Digital Technologies by 17.9% during the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company’s stock valued at $13,003,000 after purchasing an additional 692,799 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of HIVE Digital Technologies in the third quarter valued at about $463,000. Wellington Management Group LLP acquired a new stake in shares of HIVE Digital Technologies during the third quarter worth about $120,000. Finally, Centiva Capital LP purchased a new stake in HIVE Digital Technologies in the third quarter valued at approximately $235,000. 24.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HIVE has been the subject of a number of recent research reports. Roth Capital raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. HC Wainwright restated a “buy” rating and set a $10.00 target price (up from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods initiated coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity Group lifted their price target on HIVE Digital Technologies from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $7.79.

HIVE Digital Technologies Stock Up 5.8 %

Shares of HIVE opened at $2.00 on Monday. The firm has a market cap of $313.22 million, a P/E ratio of -40.00 and a beta of 3.51. HIVE Digital Technologies Ltd. has a 12 month low of $1.78 and a 12 month high of $5.54. The stock’s 50 day moving average is $2.77 and its two-hundred day moving average is $3.29. 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) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share (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%. Analysts predict that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current fiscal year.

About HIVE Digital Technologies

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.