HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Receives Consensus Recommendation of "Buy" from Analysts

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) has been assigned an average recommendation of "Buy" from the ten ratings firms that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.64.

Several research firms have issued reports on HIVE. Canaccord Genuity Group reiterated a "buy" rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, March 26th. Rosenblatt Securities assumed coverage on HIVE Digital Technologies in a research note on Friday, March 7th. They set a "buy" rating and a $6.00 price objective for the company. Cantor Fitzgerald lowered their target price on 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. Finally, Wall Street Zen upgraded HIVE Digital Technologies to a "sell" rating in a research note on Saturday, May 17th.

HIVE Digital Technologies Stock Performance

HIVE Digital Technologies stock opened at $1.70 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.41 and a quick ratio of 10.41. The stock has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $2.33. HIVE Digital Technologies has a 52-week low of $1.26 and a 52-week high of $5.54. The firm has a market capitalization of $318.31 million, a P/E ratio of -34.00 and a beta of 3.45.

Institutional Trading of HIVE Digital Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in HIVE Digital Technologies in the fourth quarter valued at about $70,000. Charles Schwab Investment Management Inc. boosted its holdings in HIVE Digital Technologies by 126.4% in 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 during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in HIVE Digital Technologies in the fourth quarter valued at about $2,058,000. Lifeworks Advisors LLC boosted its holdings in HIVE Digital Technologies by 46.2% in the fourth quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company's stock valued at $46,000 after acquiring an additional 5,152 shares during the last quarter. Finally, Chesapeake Capital Corp IL bought a new position in HIVE Digital Technologies in the fourth quarter valued at about $94,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

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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