HIVE Digital Technologies (NASDAQ:HIVE) Upgraded at StockNews.com

StockNews.com upgraded shares of HIVE Digital Technologies (NASDAQ:HIVE) to a sell rating in a report released on Saturday morning.

Several other analysts have also recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research report on Wednesday, March 26th. Rosenblatt Securities assumed coverage on shares of HIVE Digital Technologies in a research report on Friday, March 7th. They set a “buy” rating and a $6.00 target price on the stock. 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. Finally, Cantor Fitzgerald reduced their price objective on shares of HIVE Digital Technologies from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $7.64.

HIVE Digital Technologies Stock Up 1.0%

HIVE opened at $2.09 on Friday. The firm has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $2.69. HIVE Digital Technologies has a 52 week low of $1.26 and a 52 week high of $5.54. The company has a market capitalization of $370.10 million, a PE ratio of -41.80 and a beta of 3.52. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of HIVE Digital Technologies by 328.2% during the first quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company’s stock worth $755,000 after purchasing an additional 399,223 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of HIVE Digital Technologies by 18.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company’s stock worth $1,283,000 after purchasing an additional 137,651 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of HIVE Digital Technologies by 3,966.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 24,845 shares of the company’s stock worth $36,000 after purchasing an additional 24,234 shares during the last quarter. Invesco Ltd. increased its holdings in HIVE Digital Technologies by 42.0% in the first quarter. Invesco Ltd. now owns 143,541 shares of the company’s stock valued at $208,000 after buying an additional 42,449 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in HIVE Digital Technologies by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,309 shares of the company’s stock valued at $100,000 after buying an additional 6,958 shares in the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

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.