HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Stock Holdings Boosted by Vident Advisory LLC

Vident Advisory LLC raised its position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,831,492 shares of the company's stock after purchasing an additional 585,511 shares during the quarter. Vident Advisory LLC owned about 1.91% of HIVE Digital Technologies worth $8,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HIVE. Cubist Systematic Strategies LLC boosted its stake in HIVE Digital Technologies by 332.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 962,677 shares of the company's stock valued at $2,744,000 after purchasing an additional 740,247 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in HIVE Digital Technologies during the 4th quarter valued at $2,058,000. Van ECK Associates Corp boosted its stake in HIVE Digital Technologies by 17.9% during the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company's stock valued at $13,003,000 after purchasing an additional 692,799 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in HIVE Digital Technologies by 126.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company's stock valued at $2,098,000 after purchasing an additional 411,071 shares in the last quarter. Finally, Man Group plc bought a new position in HIVE Digital Technologies during the 4th quarter valued at $1,118,000. 24.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HIVE shares. Rosenblatt Securities started coverage on HIVE Digital Technologies in a research report on Friday, March 7th. They set a "buy" rating and a $6.00 price objective for the company. Canaccord Genuity Group reiterated a "buy" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Wednesday, March 26th. HC Wainwright reiterated a "buy" rating and set a $10.00 price objective (up previously from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. Cantor Fitzgerald cut their price objective on HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded HIVE Digital Technologies to a "sell" rating in a research report on Saturday. One 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $7.64.

HIVE Digital Technologies Price Performance

HIVE opened at $2.09 on Tuesday. The stock has a fifty day moving average of $1.65 and a 200-day moving average of $2.69. The firm has a market capitalization of $370.10 million, a P/E ratio of -41.80 and a beta of 3.52. HIVE Digital Technologies Ltd. has a 12-month low of $1.26 and a 12-month high of $5.54. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.03.

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.

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