HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.1250.

A number of equities research analysts have commented on HIVE shares. B. Riley reduced their price objective on HIVE Digital Technologies from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of HIVE Digital Technologies in a report on Friday, October 31st. Wall Street Zen lowered shares of HIVE Digital Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Northland Securities set a $7.50 price objective on shares of HIVE Digital Technologies in a report on Tuesday, October 7th. Finally, HC Wainwright lifted their price objective on shares of HIVE Digital Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, November 18th.

Institutional Trading of HIVE Digital Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIVE. Hudson Bay Capital Management LP bought a new position in shares of HIVE Digital Technologies in the third quarter valued at approximately $51,000. Sender Co & Partners Inc. purchased a new stake in HIVE Digital Technologies in the 3rd quarter valued at $70,000. XTX Topco Ltd lifted its stake in HIVE Digital Technologies by 37.6% during the 3rd quarter. XTX Topco Ltd now owns 165,834 shares of the company’s stock valued at $668,000 after acquiring an additional 45,307 shares in the last quarter. Tidal Investments LLC lifted its stake in HIVE Digital Technologies by 15.4% during the 3rd quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock valued at $19,228,000 after acquiring an additional 637,679 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in HIVE Digital Technologies during the 3rd quarter worth $239,000. 24.42% of the stock is owned by institutional investors.

HIVE Digital Technologies Trading Down 4.3%

HIVE opened at $2.66 on Friday. The company has a fifty day moving average price of $4.35 and a two-hundred day moving average price of $3.26. HIVE Digital Technologies has a 1-year low of $1.26 and a 1-year high of $7.84. The company has a market cap of $643.75 million, a P/E ratio of -12.67 and a beta of 3.56. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.02.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Friday, November 14th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). HIVE Digital Technologies had a negative net margin of 16.18% and a negative return on equity of 14.15%. The firm had revenue of $83.37 million during the quarter, compared to analyst estimates of $80.62 million. Analysts predict that HIVE Digital Technologies will post -0.32 EPS for the current fiscal year.

HIVE Digital Technologies Company 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.