Chicago Partners Investment Group LLC bought a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 77,394 shares of the company's stock, valued at approximately $139,000.
Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in HIVE Digital Technologies by 87.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company's stock valued at $2,006,000 after acquiring an additional 647,159 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. grew its stake in HIVE Digital Technologies by 45.4% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 1,244,230 shares of the company's stock valued at $2,240,000 after acquiring an additional 388,280 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in HIVE Digital Technologies by 18.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company's stock valued at $1,283,000 after acquiring an additional 137,651 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in HIVE Digital Technologies by 328.2% during the first quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company's stock valued at $755,000 after acquiring an additional 399,223 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its stake in HIVE Digital Technologies by 81.3% during the first quarter. Phoenix Financial Ltd. now owns 208,904 shares of the company's stock valued at $304,000 after acquiring an additional 93,704 shares in the last quarter. 24.42% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Roth Capital raised their target price on shares of HIVE Digital Technologies from $6.00 to $7.50 and gave the company a "buy" rating in a research note on Tuesday, August 26th. B. Riley reissued a "buy" rating on shares of HIVE Digital Technologies in a research note on Wednesday. Northland Securities set a $7.50 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, October 7th. Canaccord Genuity Group reissued a "buy" rating and issued a $10.00 price objective on shares of HIVE Digital Technologies in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of HIVE Digital Technologies in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.71.
View Our Latest Stock Report on HIVE
HIVE Digital Technologies Price Performance
HIVE Digital Technologies stock opened at $6.03 on Friday. The firm has a 50-day moving average price of $4.13 and a 200-day moving average price of $2.70. The firm has a market capitalization of $1.43 billion, a PE ratio of -30.15 and a beta of 3.51. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.02. HIVE Digital Technologies Ltd. has a 12-month low of $1.26 and a 12-month high of $7.84.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $45.61 million during the quarter, compared to analyst estimates of $45.16 million. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%. As a group, equities research analysts forecast that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current year.
About HIVE Digital Technologies
(
Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider HIVE Digital Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HIVE Digital Technologies wasn't on the list.
While HIVE Digital Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
