StockNews.com upgraded shares of HIVE Digital Technologies (NASDAQ:HIVE – Free Report) to a sell rating in a research report sent to investors on Monday morning.
HIVE has been the topic of several other reports. HC Wainwright restated a neutral rating and issued a $3.50 price target on shares of HIVE Digital Technologies in a research report on Wednesday, February 14th. Canaccord Genuity Group reiterated a buy rating and set a $6.00 target price on shares of HIVE Digital Technologies in a research report on Thursday, March 28th.
Read Our Latest Stock Report on HIVE
HIVE Digital Technologies Stock Performance
Hedge Funds Weigh In On HIVE Digital Technologies
Several institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its holdings in HIVE Digital Technologies by 78.6% during the 1st quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock valued at $5,856,000 after purchasing an additional 764,387 shares during the last quarter. MMCAP International Inc. SPC bought a new position in shares of HIVE Digital Technologies in the first quarter worth about $11,227,000. Van ECK Associates Corp raised its stake in shares of HIVE Digital Technologies by 56.0% in the first quarter. Van ECK Associates Corp now owns 2,876,374 shares of the company’s stock worth $9,693,000 after acquiring an additional 1,032,672 shares during the last quarter. Sloy Dahl & Holst LLC bought a new stake in shares of HIVE Digital Technologies during the first quarter worth approximately $41,000. Finally, Quadrature Capital Ltd bought a new stake in shares of HIVE Digital Technologies during the fourth quarter worth approximately $458,000. 24.42% of the stock is owned by 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.
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