Lifeworks Advisors LLC Has $46,000 Holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Lifeworks Advisors LLC lifted its stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,307 shares of the company’s stock after acquiring an additional 5,152 shares during the period. Lifeworks Advisors LLC’s holdings in HIVE Digital Technologies were worth $46,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp increased its holdings in HIVE Digital Technologies by 17.9% during 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 in the last quarter. State Street Corp boosted its position in shares of HIVE Digital Technologies by 2.9% during the third quarter. State Street Corp now owns 3,214,101 shares of the company’s stock worth $10,060,000 after buying an additional 91,056 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $2,098,000 after buying an additional 411,071 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of HIVE Digital Technologies during the fourth quarter worth about $2,058,000. Finally, XTX Topco Ltd acquired a new stake in HIVE Digital Technologies in the 3rd quarter valued at approximately $463,000. 24.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HIVE shares. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, January 14th. Rosenblatt Securities assumed coverage on shares of HIVE Digital Technologies in a report on Friday. They set a “buy” rating and a $6.00 target price for the company. Keefe, Bruyette & Woods initiated coverage on shares of HIVE Digital Technologies in a research note on Wednesday, January 8th. They issued an “outperform” rating on the stock. Northland Securities increased their price objective on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $10.00 target price (up previously from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, HIVE Digital Technologies presently has an average rating of “Buy” and a consensus price target of $7.79.

HIVE Digital Technologies Trading Up 5.8 %

HIVE Digital Technologies stock opened at $2.00 on Monday. The stock has a 50-day simple moving average of $2.77 and a 200 day simple moving average of $3.29. The stock has a market capitalization of $313.22 million, a P/E ratio of -40.00 and a beta of 3.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.41 and a current ratio of 10.41. HIVE Digital Technologies Ltd. has a 52 week low of $1.78 and a 52 week high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Tuesday, February 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 8.95% and a negative net margin of 5.45%. Analysts expect that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current year.

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.