HIVE Digital Technologies’ (HIVE) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a report released on Thursday,Benzinga reports. HC Wainwright currently has a $10.00 price target on the stock, up from their prior price target of $8.00.

HIVE has been the subject of a number of other research reports. Canaccord Genuity Group boosted their target price on HIVE Digital Technologies from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Northland Securities lifted their target price 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. Keefe, Bruyette & Woods initiated coverage on shares of HIVE Digital Technologies in a research report on Wednesday, January 8th. They set an “outperform” rating for the company. Finally, Roth Mkm assumed coverage on shares of HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a “buy” rating and a $7.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $8.08.

HIVE Digital Technologies Stock Down 0.3 %

Shares of NASDAQ HIVE opened at $2.85 on Thursday. The stock has a market capitalization of $422.00 million, a P/E ratio of -20.36 and a beta of 3.46. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.54. The firm’s 50 day simple moving average is $3.14 and its two-hundred day simple moving average is $3.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56.

HIVE Digital Technologies (NASDAQ:HIVE) last released its earnings results on Tuesday, February 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. As a group, analysts expect that HIVE Digital Technologies will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On HIVE Digital Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Lifeworks Advisors LLC purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at about $35,000. Gladstone Institutional Advisory LLC bought a new stake in HIVE Digital Technologies during the 3rd quarter valued at approximately $44,000. Wells Fargo & Company MN grew its holdings in shares of HIVE Digital Technologies by 60.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock worth $44,000 after acquiring an additional 5,800 shares during the period. Quadrature Capital Ltd bought a new position in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $50,000. Finally, Franklin Resources Inc. purchased a new position in shares of HIVE Digital Technologies in the 4th quarter valued at approximately $53,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

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.