HIVE Digital Technologies (NASDAQ:HIVE) Stock Rating Upgraded by StockNews.com

HIVE Digital Technologies (NASDAQ:HIVE) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a note issued to investors on Wednesday.

Other equities analysts also recently issued reports about the company. Northland Securities boosted their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their target price on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Northland Capmk upgraded HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. Finally, HC Wainwright boosted their target price on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. 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 company presently has an average rating of “Moderate Buy” and an average price target of $7.40.

HIVE Digital Technologies Price Performance

NASDAQ HIVE opened at $4.04 on Wednesday. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies has a 12 month low of $2.18 and a 12 month high of $5.74. The stock has a market cap of $528.72 million, a price-to-earnings ratio of -28.86 and a beta of 3.43. The company’s 50 day moving average is $3.72 and its two-hundred day moving average is $3.31.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $22.65 million for the quarter, compared to the consensus estimate of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same period last year, the firm earned ($0.29) EPS. As a group, research analysts anticipate that HIVE Digital Technologies will post -0.29 earnings per share for the current year.

Institutional Trading of HIVE Digital Technologies

A number of large investors have recently added to or reduced their stakes in HIVE. Virtu Financial LLC grew its holdings in shares of HIVE Digital Technologies by 527.9% in the third quarter. Virtu Financial LLC now owns 71,990 shares of the company’s stock valued at $225,000 after purchasing an additional 60,524 shares in the last quarter. Toronto Dominion Bank lifted its position in HIVE Digital Technologies by 86,334.5% during the third quarter. Toronto Dominion Bank now owns 50,132 shares of the company’s stock valued at $157,000 after purchasing an additional 50,074 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of HIVE Digital Technologies in the 3rd quarter worth $463,000. Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies in the 3rd quarter worth $120,000. Finally, State Street Corp increased its holdings 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 worth $10,060,000 after buying an additional 91,056 shares during the last quarter. Institutional investors own 24.42% of the company’s stock.

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.