Two Sigma Investments LP decreased its holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 706,905 shares of the company's stock after selling 1,148,155 shares during the period. Two Sigma Investments LP owned 0.48% of HIVE Digital Technologies worth $2,015,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Tobam grew its stake 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 acquiring an additional 12,676 shares in the last quarter. Gladstone Institutional Advisory LLC grew its stake in HIVE Digital Technologies by 114.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 30,025 shares of the company's stock valued at $86,000 after acquiring an additional 16,000 shares in the last quarter. Van ECK Associates Corp grew its stake in 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 valued at $13,003,000 after acquiring an additional 692,799 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in HIVE Digital Technologies during the fourth quarter valued at approximately $70,000. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $2,098,000 after acquiring an additional 411,071 shares in the last quarter. Hedge funds and other institutional investors own 24.42% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on HIVE. 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 research note on Tuesday, March 11th. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price objective (up previously from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday, February 13th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, March 26th. Wall Street Zen raised shares of HIVE Digital Technologies to a "sell" rating in a research note on Saturday, May 17th. Finally, Rosenblatt Securities began 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 for the company. One 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 a consensus rating of "Buy" and an average price target of $7.64.
View Our Latest Stock Analysis on HIVE
HIVE Digital Technologies Trading Down 6.2%
Shares of HIVE traded down $0.12 during mid-day trading on Thursday, reaching $1.82. The company's stock had a trading volume of 19,075,742 shares, compared to its average volume of 7,440,284. The stock has a market cap of $338.81 million, a PE ratio of -36.40 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 Ltd. has a 52 week low of $1.26 and a 52 week high of $5.54. The company's fifty day moving average price is $1.72 and its two-hundred day moving average price is $2.49.
About HIVE Digital Technologies
(
Free Report)
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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