HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Stake Increased by Vident Advisory LLC

Vident Advisory LLC boosted its stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in HIVE Digital Technologies during the fourth quarter valued at approximately $26,000. Wells Fargo & Company MN lifted its position in HIVE Digital Technologies by 60.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company's stock valued at $44,000 after buying an additional 5,800 shares in the last quarter. Lifeworks Advisors LLC lifted its position in HIVE Digital Technologies by 46.2% during the fourth quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company's stock valued at $46,000 after buying an additional 5,152 shares in the last quarter. Franklin Resources Inc. acquired a new position in HIVE Digital Technologies during the fourth quarter valued at approximately $53,000. Finally, Tobam lifted its position in HIVE Digital Technologies by 198.6% during the fourth quarter. Tobam now owns 19,060 shares of the company's stock valued at $54,000 after buying an additional 12,676 shares in the last quarter. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

HIVE Digital Technologies Stock Down 2.5%

Shares of NASDAQ HIVE traded down $0.05 during trading on Friday, reaching $1.96. 18,748,582 shares of the stock were exchanged, compared to its average volume of 7,049,199. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.03. The business's 50-day moving average price is $1.68 and its 200 day moving average price is $2.65. The company has a market capitalization of $347.08 million, a price-to-earnings ratio of -39.20 and a beta of 3.52. HIVE Digital Technologies Ltd. has a twelve month low of $1.26 and a twelve month high of $5.54.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HIVE shares. Cantor Fitzgerald reduced their price target on shares of HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price target (up from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. 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 Wednesday, March 26th. Rosenblatt Securities assumed coverage on shares of HIVE Digital Technologies in a research report on Friday, March 7th. They set a "buy" rating and a $6.00 target price on the stock. Finally, Wall Street Zen raised shares of HIVE Digital Technologies to a "sell" rating in a research report on Saturday, May 17th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, HIVE Digital Technologies presently has a consensus rating of "Buy" and a consensus target price of $7.64.

About HIVE Digital Technologies

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.