HIVE Digital Technologies (NASDAQ:HIVE) Upgraded at StockNews.com

StockNews.com upgraded shares of HIVE Digital Technologies (NASDAQ:HIVE) to a sell rating in a research note published on Tuesday morning.

HIVE has been the topic of a number of other research reports. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Northland Securities boosted their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Roth Capital upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald restated an “overweight” rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. Finally, Roth Mkm initiated coverage on shares of HIVE Digital Technologies in a report on Thursday, December 19th. They set a “buy” rating and a $7.50 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $7.42.

HIVE Digital Technologies Stock Up 0.3 %

Shares of NASDAQ HIVE opened at $3.15 on Tuesday. HIVE Digital Technologies has a 52-week low of $2.18 and a 52-week high of $5.54. The stock has a market cap of $445.54 million, a PE ratio of -22.50 and a beta of 3.46. The business has a fifty day moving average of $3.73 and a two-hundred day moving average of $3.47. 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 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 company had revenue of $22.65 million during the quarter, compared to analyst estimates of $25.32 million. During the same period last year, the company posted ($0.29) earnings per share. As a group, equities research analysts expect that HIVE Digital Technologies will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HIVE Digital Technologies

Several large investors have recently bought and sold shares of HIVE. Lifeworks Advisors LLC bought a new position in shares of HIVE Digital Technologies during the third quarter worth about $35,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of HIVE Digital Technologies during the second quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC bought a new position in shares of HIVE Digital Technologies during the third quarter valued at about $44,000. Quadrature Capital Ltd bought a new position in shares of HIVE Digital Technologies in the third quarter valued at approximately $50,000. Finally, Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies in the 3rd quarter worth about $120,000. 24.42% of the stock is currently 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.