Impact Partnership Wealth LLC Boosts Stock Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Impact Partnership Wealth LLC raised its stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,231 shares of the company’s stock after acquiring an additional 5,277 shares during the period. Impact Partnership Wealth LLC’s holdings in HIVE Digital Technologies were worth $152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lifeworks Advisors LLC purchased a new stake in HIVE Digital Technologies during the 3rd quarter valued at approximately $35,000. Vanguard Personalized Indexing Management LLC purchased a new stake in HIVE Digital Technologies during the 2nd quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC purchased a new stake in HIVE Digital Technologies during the 3rd quarter valued at approximately $44,000. Quadrature Capital Ltd purchased a new stake in HIVE Digital Technologies during the 3rd quarter valued at approximately $50,000. Finally, Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies during the 3rd quarter worth approximately $120,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HIVE shares. Keefe, Bruyette & Woods started coverage on HIVE Digital Technologies in a research note on Wednesday, January 8th. They set an “outperform” rating for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Northland Securities increased their target price on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Roth Mkm began coverage on HIVE Digital Technologies in a report on Thursday, December 19th. They issued a “buy” rating and a $7.50 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $7.42.

HIVE Digital Technologies Price Performance

Shares of NASDAQ:HIVE opened at $3.09 on Friday. The business’s fifty day moving average price is $3.51 and its two-hundred day moving average price is $3.46. The stock has a market cap of $445.76 million, a PE ratio of -22.07 and a beta of 3.46. 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 one year low of $2.18 and a one year high of $5.54.

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. The firm had revenue of $22.65 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned ($0.29) EPS. On average, analysts forecast that HIVE Digital Technologies Ltd. will post -0.34 EPS for the current fiscal year.

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.