HIVE Digital Technologies (NASDAQ:HIVE) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm assumed coverage on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $7.50 price target on the stock.

Other research analysts also recently issued reports about the company. HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of HIVE Digital Technologies in a report on Tuesday, December 3rd. Northland Securities boosted their price objective 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. StockNews.com upgraded shares of HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, December 3rd. Northland Capmk upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $7.42.

HIVE Digital Technologies Price Performance

NASDAQ:HIVE traded up $0.05 during trading hours on Thursday, reaching $3.19. The company had a trading volume of 4,261,264 shares, compared to its average volume of 4,015,098. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $3.97 and a two-hundred day moving average of $3.46. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.74. The firm has a market capitalization of $429.46 million, a PE ratio of -22.78 and a beta of 3.39.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $22.65 million during the quarter, compared to analysts’ expectations of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same quarter last year, the company posted ($0.29) EPS. Analysts forecast that HIVE Digital Technologies will post -0.33 earnings per share for the current year.

Institutional Trading of HIVE Digital Technologies

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC boosted its position in shares of HIVE Digital Technologies by 527.9% in the 3rd quarter. Virtu Financial LLC now owns 71,990 shares of the company’s stock worth $225,000 after purchasing an additional 60,524 shares during the last quarter. Toronto Dominion Bank lifted its stake in HIVE Digital Technologies by 86,334.5% in the third quarter. Toronto Dominion Bank now owns 50,132 shares of the company’s stock valued at $157,000 after buying an additional 50,074 shares during the period. XTX Topco Ltd bought a new position in HIVE Digital Technologies during the third quarter worth about $463,000. Wellington Management Group LLP bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at about $120,000. Finally, State Street Corp raised its position in shares of HIVE Digital Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 3,214,101 shares of the company’s stock valued at $10,060,000 after acquiring an additional 91,056 shares during the period. Institutional investors and hedge funds 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.