HIVE Digital Technologies’ (HIVE) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research report released on Tuesday,Benzinga reports. The firm currently has a $9.00 price target on the stock.

A number of other analysts have also recently commented on HIVE. HC Wainwright upped their target price on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Northland Securities upped their target price on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Canaccord Genuity Group upped their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Northland Capmk raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. 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 stock. According to data from MarketBeat.com, HIVE Digital Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $7.40.

HIVE Digital Technologies Stock Up 2.3 %

Shares of HIVE Digital Technologies stock opened at $4.09 on Tuesday. The company has a market cap of $518.73 million, a price-to-earnings ratio of -29.21 and a beta of 3.43. The company’s 50 day moving average is $3.66 and its 200 day moving average is $3.27. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month high of $5.74. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.06.

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

Institutional Trading of HIVE Digital Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of HIVE. Vident Advisory LLC grew its stake in HIVE Digital Technologies by 78.6% during the first quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock valued at $5,856,000 after acquiring an additional 764,387 shares in the last quarter. 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 valued at $11,995,000 after acquiring an additional 1,018,231 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in HIVE Digital Technologies by 202.4% during the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock valued at $151,000 after acquiring an additional 32,760 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in HIVE Digital Technologies during the second quarter valued at $36,000. Finally, Gladstone Institutional Advisory LLC purchased a new position in HIVE Digital Technologies during the third quarter valued at $44,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

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.