Charles Schwab Investment Management Inc. Acquires 106,103 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Charles Schwab Investment Management Inc. boosted its holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 48.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,216 shares of the company’s stock after purchasing an additional 106,103 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.26% of HIVE Digital Technologies worth $1,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Lifeworks Advisors LLC bought a new stake in shares of HIVE Digital Technologies in the third quarter valued at approximately $35,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of HIVE Digital Technologies during the 3rd quarter worth $44,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of HIVE Digital Technologies in the second quarter worth $36,000. Impact Partnership Wealth LLC raised its stake in HIVE Digital Technologies by 202.4% in the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock valued at $151,000 after purchasing an additional 32,760 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in HIVE Digital Technologies by 35.4% during the second quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company’s stock worth $11,995,000 after buying an additional 1,018,231 shares in the last quarter. Institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Down 2.0 %

Shares of HIVE opened at $3.84 on Wednesday. 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 Ltd. has a 52 week low of $2.18 and a 52 week high of $5.74. The stock has a market capitalization of $516.97 million, a price-to-earnings ratio of -27.43 and a beta of 3.39. The stock has a fifty day moving average of $3.96 and a 200-day moving average of $3.46.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $25.32 million. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. During the same period last year, the company earned ($0.29) earnings per share. As a group, sell-side analysts anticipate that HIVE Digital Technologies Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 price target on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Northland Capmk upgraded HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Northland Securities lifted their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price objective on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.40.

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.