Two Sigma Advisers LP Sells 950,060 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Two Sigma Advisers LP decreased its holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 94.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,300 shares of the company's stock after selling 950,060 shares during the period. Two Sigma Advisers LP's holdings in HIVE Digital Technologies were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of HIVE Digital Technologies by 126.4% during 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. Man Group plc bought a new stake in shares of HIVE Digital Technologies during the fourth quarter worth $1,118,000. Van ECK Associates Corp lifted its position in shares of HIVE Digital Technologies by 17.9% during the fourth quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company's stock worth $13,003,000 after purchasing an additional 692,799 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of HIVE Digital Technologies during the fourth quarter worth $854,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of HIVE Digital Technologies during the fourth quarter worth $811,000. 24.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen upgraded HIVE Digital Technologies to a "sell" rating in a research report on Saturday, May 17th. Rosenblatt Securities assumed coverage on HIVE Digital Technologies in a research report on Friday, March 7th. They set a "buy" rating and a $6.00 target price for the company. Cantor Fitzgerald cut their price target on HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Canaccord Genuity Group restated a "buy" rating and set a $9.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, March 26th. Finally, HC Wainwright restated a "buy" rating and set a $10.00 price target (up previously from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $7.64.

HIVE Digital Technologies Stock Down 1.0%

Shares of HIVE Digital Technologies stock traded down $0.02 during trading on Wednesday, hitting $2.00. 17,155,155 shares of the stock traded hands, compared to its average volume of 7,682,747. HIVE Digital Technologies Ltd. has a 52-week low of $1.26 and a 52-week high of $5.54. The stock's fifty day simple moving average is $1.76 and its 200 day simple moving average is $2.43. The firm has a market cap of $374.48 million, a P/E ratio of -40.00 and a beta of 3.45. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.03.

HIVE Digital Technologies 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.