Generali Investments CEE investicni spolecnost a.s. boosted its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 18.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 855,950 shares of the company's stock after purchasing an additional 133,840 shares during the quarter. Generali Investments CEE investicni spolecnost a.s. owned about 0.50% of HIVE Digital Technologies worth $1,241,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of HIVE. Tidal Investments LLC grew its holdings in shares of HIVE Digital Technologies by 5.0% in the fourth quarter. Tidal Investments LLC now owns 4,210,339 shares of the company's stock worth $11,999,000 after purchasing an additional 200,024 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of HIVE Digital Technologies by 26.1% in the fourth quarter. Vident Advisory LLC now owns 2,831,492 shares of the company's stock worth $8,072,000 after purchasing an additional 585,511 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of HIVE Digital Technologies by 332.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 962,677 shares of the company's stock worth $2,744,000 after purchasing an additional 740,247 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HIVE Digital Technologies by 126.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company's stock worth $2,098,000 after purchasing an additional 411,071 shares during the last quarter. Finally, Man Group plc bought a new position in shares of HIVE Digital Technologies in the fourth quarter worth about $1,118,000. Hedge funds and other institutional investors own 24.42% of the company's stock.
Wall Street Analysts Forecast Growth
HIVE has been the topic of several recent research reports. Cantor Fitzgerald increased their target price on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the stock an "overweight" rating in a report on Friday, June 27th. Wall Street Zen upgraded shares of HIVE Digital Technologies to a "sell" rating in a report on Saturday, May 17th. Canaccord Genuity Group reiterated a "buy" rating and set a $9.00 target price on shares of HIVE Digital Technologies in a report on Thursday, July 3rd. HC Wainwright dropped their target price on shares of HIVE Digital Technologies from $9.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Finally, Rosenblatt Securities lowered their price target on shares of HIVE Digital Technologies from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $6.57.
Get Our Latest Analysis on HIVE Digital Technologies
HIVE Digital Technologies Trading Down 2.2%
NASDAQ HIVE traded down $0.05 during trading hours on Tuesday, reaching $2.22. The company had a trading volume of 23,504,039 shares, compared to its average volume of 8,940,025. The stock has a 50-day moving average of $1.91 and a 200 day moving average of $2.16. HIVE Digital Technologies Ltd. has a 1-year low of $1.26 and a 1-year high of $5.54. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $442.20 million, a P/E ratio of -6.17 and a beta of 3.40.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.20). HIVE Digital Technologies had a negative return on equity of 20.30% and a negative net margin of 48.65%. The business had revenue of $31.16 million for the quarter, compared to analyst estimates of $31.47 million. As a group, research analysts anticipate that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current fiscal year.
HIVE Digital Technologies Company Profile
(
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.
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