MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 910,457 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 55.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740,806 shares of the company's stock after selling 910,457 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.50% of HIVE Digital Technologies worth $2,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HIVE. Charles Schwab Investment Management Inc. grew its position in HIVE Digital Technologies by 126.4% in the 4th 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. Van ECK Associates Corp grew its position in HIVE Digital Technologies by 17.9% in the 4th 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 acquired a new stake in HIVE Digital Technologies in the 4th quarter worth $854,000. Arrowstreet Capital Limited Partnership acquired a new stake in HIVE Digital Technologies in the 4th quarter worth $811,000. Finally, Wells Fargo & Company MN grew its position 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 during the last quarter. 24.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HIVE has been the topic of several research analyst reports. Rosenblatt Securities initiated coverage on shares of HIVE Digital Technologies in a research report on Friday, March 7th. They issued a "buy" rating and a $6.00 price target on the stock. Wall Street Zen raised shares of HIVE Digital Technologies to a "sell" rating in a report on Saturday, May 17th. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price objective (up from $8.00) on shares of HIVE Digital Technologies in a report on Thursday, February 13th. Cantor Fitzgerald reduced their price objective on shares of HIVE Digital Technologies from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday, March 26th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $7.64.

HIVE Digital Technologies Price Performance

Shares of NASDAQ:HIVE traded up $0.02 during midday trading on Tuesday, reaching $1.98. 15,375,319 shares of the company's stock were exchanged, compared to its average volume of 7,082,534. HIVE Digital Technologies Ltd. has a 12 month low of $1.26 and a 12 month high of $5.54. The firm has a market capitalization of $350.62 million, a PE ratio of -39.60 and a beta of 3.52. The company's 50 day simple moving average is $1.69 and its two-hundred day simple moving average is $2.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.41 and a current ratio of 10.41.

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.