HIVE Digital Technologies (NASDAQ:HIVE) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $6.00 target price on the stock.

A number of other research firms also recently commented on HIVE. StockNews.com raised HIVE Digital Technologies to a sell rating in a research note on Sunday, June 9th. HC Wainwright reissued a neutral rating and issued a $3.50 price objective on shares of HIVE Digital Technologies in a research note on Wednesday.

HIVE Digital Technologies Stock Up 10.0 %

HIVE opened at $3.29 on Wednesday. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $6.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.51 and a current ratio of 3.51. The stock’s fifty day moving average is $2.75 and its 200-day moving average is $3.32. The company has a market capitalization of $385.19 million, a PE ratio of -5.58 and a beta of 3.48.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of hedge funds have recently modified their holdings of the stock. Financial Advocates Investment Management grew its holdings in shares of HIVE Digital Technologies by 10.8% in the 4th quarter. Financial Advocates Investment Management now owns 31,644 shares of the company’s stock worth $143,000 after acquiring an additional 3,080 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of HIVE Digital Technologies in the 4th quarter worth $45,000. Sloy Dahl & Holst LLC acquired a new position in shares of HIVE Digital Technologies in the 1st quarter worth $41,000. Scotia Capital Inc. acquired a new position in shares of HIVE Digital Technologies in the 4th quarter worth $64,000. Finally, Chesapeake Capital Corp IL acquired a new position in shares of HIVE Digital Technologies in the 4th quarter worth $92,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

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.