HIVE Digital Technologies (NASDAQ:HIVE) Now Covered by Keefe, Bruyette & Woods

Stock analysts at Keefe, Bruyette & Woods started coverage on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating on the stock.

A number of other analysts have also weighed in on HIVE. Roth Capital upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Roth Mkm began coverage on shares of HIVE Digital Technologies in a report on Thursday, December 19th. They set a “buy” rating and a $7.50 price target for the company. Canaccord Genuity Group raised their price objective on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 14th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, December 3rd. Finally, Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $7.42.

HIVE Digital Technologies Stock Performance

Shares of HIVE stock opened at $3.13 on Wednesday. The firm has a 50 day moving average of $3.82 and a two-hundred day moving average of $3.47. The stock has a market capitalization of $438.79 million, a PE ratio of -22.36 and a beta of 3.46. 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 has a 52 week low of $2.18 and a 52 week high of $5.54.

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

Institutional Investors Weigh In On HIVE Digital Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of HIVE Digital Technologies during the third quarter worth about $463,000. Charles Schwab Investment Management Inc. boosted its position in shares of HIVE Digital Technologies by 48.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company’s stock valued at $1,018,000 after purchasing an additional 106,103 shares during the period. State Street Corp boosted 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 purchasing an additional 91,056 shares during the period. Centiva Capital LP purchased a new position in HIVE Digital Technologies during the 3rd quarter worth approximately $235,000. Finally, Virtu Financial LLC increased its position in HIVE Digital Technologies by 527.9% during the third quarter. Virtu Financial LLC now owns 71,990 shares of the company’s stock worth $225,000 after buying an additional 60,524 shares during the period. 24.42% of the stock is owned by hedge funds and other institutional investors.

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.