Toronto Dominion Bank Purchases 50,074 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Toronto Dominion Bank increased its position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 86,334.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,132 shares of the company’s stock after buying an additional 50,074 shares during the quarter. Toronto Dominion Bank’s holdings in HIVE Digital Technologies were worth $157,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Lifeworks Advisors LLC purchased a new position in shares of HIVE Digital Technologies in the third quarter worth $35,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of HIVE Digital Technologies during the 2nd quarter valued at about $36,000. Gladstone Institutional Advisory LLC bought a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at about $44,000. Quadrature Capital Ltd purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at about $50,000. Finally, Impact Partnership Wealth LLC increased its holdings in shares of HIVE Digital Technologies by 202.4% in the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock worth $151,000 after purchasing an additional 32,760 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Performance

NASDAQ:HIVE opened at $3.92 on Tuesday. The firm has a market capitalization of $527.74 million, a PE ratio of -28.00 and a beta of 3.39. The stock’s fifty day moving average is $3.94 and its 200 day moving average is $3.45. HIVE Digital Technologies Ltd. has a fifty-two week low of $2.18 and a fifty-two week high of $5.74. 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 announced its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share 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 business had revenue of $22.65 million for the quarter, compared to the consensus estimate of $25.32 million. During the same quarter in the prior year, the firm posted ($0.29) earnings per share. On average, sell-side analysts anticipate that HIVE Digital Technologies Ltd. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HIVE shares. Northland Securities increased their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a report on Tuesday, December 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $9.00 price target on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Northland Capmk upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, HC Wainwright reissued a “buy” rating and issued a $8.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.40.

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.