Generali Investments CEE investicni spolecnost a.s. Grows Stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Generali Investments CEE investicni spolecnost a.s. increased its holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 855,950 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in HIVE Digital Technologies in the 4th quarter worth about $26,000. Zhang Financial LLC bought a new position in shares of HIVE Digital Technologies during the 1st quarter valued at approximately $33,000. Wells Fargo & Company MN lifted its holdings in HIVE Digital Technologies by 60.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,320 shares of the company's stock worth $44,000 after purchasing an additional 5,800 shares in the last quarter. Lifeworks Advisors LLC lifted its holdings in HIVE Digital Technologies by 46.2% in the 4th quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company's stock worth $46,000 after purchasing an additional 5,152 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of HIVE Digital Technologies during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 24.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen raised HIVE Digital Technologies to a "sell" rating in a research report on Saturday, May 17th. HC Wainwright cut their target price on HIVE Digital Technologies from $9.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Canaccord Genuity Group reissued a "buy" rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research report on Thursday. Rosenblatt Securities cut their target price on HIVE Digital Technologies from $5.50 to $5.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Finally, Cantor Fitzgerald boosted their target price on HIVE Digital Technologies from $5.00 to $5.50 and gave the company an "overweight" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $6.57.

HIVE Digital Technologies Stock Performance

Shares of NASDAQ:HIVE traded up $0.08 during trading on Friday, hitting $2.33. The stock had a trading volume of 23,328,073 shares, compared to its average volume of 8,781,003. The stock has a market capitalization of $463.12 million, a price-to-earnings ratio of -6.46 and a beta of 3.40. HIVE Digital Technologies Ltd. has a 12-month low of $1.26 and a 12-month high of $5.54. The stock has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $2.18. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.03.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.20). The business had revenue of $31.16 million during the quarter, compared to analyst estimates of $31.47 million. HIVE Digital Technologies had a negative net margin of 48.65% and a negative return on equity of 20.30%. On average, equities research analysts expect that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current fiscal year.

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.