HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Shares Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,231 shares of the company’s stock after purchasing an additional 5,277 shares during the quarter. Impact Partnership Wealth LLC’s holdings in HIVE Digital Technologies were worth $152,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lifeworks Advisors LLC acquired a new stake in shares of HIVE Digital Technologies during the third quarter worth $35,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HIVE Digital Technologies during the second quarter worth $36,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of HIVE Digital Technologies during the third quarter worth $44,000. Quadrature Capital Ltd purchased a new position in shares of HIVE Digital Technologies in the 3rd quarter worth $50,000. Finally, Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies in the 3rd quarter worth $120,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Down 0.6 %

Shares of NASDAQ:HIVE opened at $3.09 on Friday. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies Ltd. has a 52-week low of $2.18 and a 52-week high of $5.54. The company has a 50 day moving average of $3.51 and a two-hundred day moving average of $3.46. The company has a market capitalization of $445.76 million, a price-to-earnings ratio of -22.07 and a beta of 3.46.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The company had revenue of $22.65 million during the quarter, compared to the consensus estimate of $25.32 million. During the same quarter last year, the company earned ($0.29) earnings per share. As a group, analysts forecast that HIVE Digital Technologies Ltd. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, January 14th. Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. Roth Mkm assumed coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a “buy” rating and a $7.50 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, HIVE Digital Technologies presently has a consensus rating of “Buy” and an average target price of $7.42.

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.