HIVE Digital Technologies’ (HIVE) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a report published on Wednesday,Benzinga reports. HC Wainwright currently has a $8.00 price target on the stock.

A number of other equities research analysts also recently commented on HIVE. Northland Securities increased their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 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. Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 price target on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, HIVE Digital Technologies has an average rating of “Buy” and a consensus target price of $7.42.

HIVE Digital Technologies Stock Up 2.9 %

Shares of NASDAQ HIVE opened at $2.87 on Wednesday. HIVE Digital Technologies has a 12-month low of $2.18 and a 12-month high of $5.54. The stock has a market cap of $414.03 million, a P/E ratio of -20.50 and a beta of 3.46. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $3.43 and its 200-day simple moving average is $3.45.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. The business had revenue of $22.65 million during the quarter, compared to analysts’ expectations of $25.32 million. During the same quarter last year, the business posted ($0.29) EPS. As a group, equities analysts predict that HIVE Digital Technologies will post -0.34 EPS for the current fiscal year.

Institutional Trading of HIVE Digital Technologies

Several institutional investors and hedge funds have recently bought and sold shares of HIVE. Lifeworks Advisors LLC purchased a new position in HIVE Digital Technologies during the 3rd quarter worth $35,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HIVE Digital Technologies during the second quarter worth about $36,000. Gladstone Institutional Advisory LLC purchased a new position in shares of HIVE Digital Technologies during the third quarter worth about $44,000. Quadrature Capital Ltd acquired a new position in HIVE Digital Technologies in the 3rd quarter valued at about $50,000. Finally, Tobam raised its stake in HIVE Digital Technologies by 198.6% during the 4th quarter. Tobam now owns 19,060 shares of the company’s stock valued at $54,000 after acquiring an additional 12,676 shares during the last quarter. Hedge funds and other 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.