HIVE Digital Technologies' (HIVE) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity reiterated a Buy rating on HIVE with a $10 price target, implying roughly a 293.7% upside from the stock's current level.
• Overall analyst consensus is a Moderate Buy with an average price target of $6.17; six analysts rate HIVE Buy, two rate Hold and one rates Sell.
• HIVE is trading around $2.54 with a market cap of $666.47M, a negative PE (-4.23), a beta of 3.56 and a 12‑month range of $1.60–$7.84, highlighting significant volatility.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Canaccord Genuity Group in a note issued to investors on Friday,Benzinga reports. They currently have a $10.00 price target on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 293.70% from the company's current price.

A number of other brokerages also recently weighed in on HIVE. Cantor Fitzgerald lowered their price target on HIVE Digital Technologies from $5.00 to $3.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. HC Wainwright reaffirmed a "buy" rating on shares of HIVE Digital Technologies in a report on Tuesday, February 17th. Northland Securities set a $6.00 target price on shares of HIVE Digital Technologies in a report on Wednesday, February 18th. New Street Research set a $5.00 price target on shares of HIVE Digital Technologies in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of HIVE Digital Technologies in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, HIVE Digital Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $6.17.

HIVE Digital Technologies Trading Down 2.3%

HIVE opened at $2.54 on Friday. The stock has a market capitalization of $666.47 million, a PE ratio of -4.23 and a beta of 3.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74. HIVE Digital Technologies has a 12-month low of $1.60 and a 12-month high of $7.84. The firm's fifty day moving average price is $2.15 and its 200 day moving average price is $3.20.

Institutional Trading of HIVE Digital Technologies

Several hedge funds have recently bought and sold shares of the company. ACT Wealth Management LLC boosted its position in shares of HIVE Digital Technologies by 33.3% during the fourth quarter. ACT Wealth Management LLC now owns 16,000 shares of the company's stock worth $41,000 after buying an additional 4,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in HIVE Digital Technologies by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,801 shares of the company's stock valued at $519,000 after acquiring an additional 4,351 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in HIVE Digital Technologies by 21.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,388 shares of the company's stock valued at $102,000 after acquiring an additional 4,472 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in HIVE Digital Technologies by 23.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 26,148 shares of the company's stock worth $67,000 after acquiring an additional 4,964 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in HIVE Digital Technologies by 98.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company's stock worth $36,000 after acquiring an additional 6,956 shares during the period. 24.42% of the stock is currently owned by institutional investors.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.

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