HIVE Digital Technologies (NASDAQ:HIVE) Upgraded at StockNews.com

StockNews.com upgraded shares of HIVE Digital Technologies (NASDAQ:HIVE) to a sell rating in a report issued on Wednesday.

Several other equities research analysts have also recently weighed in on the stock. Northland Securities upped their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. HC Wainwright upped their target price on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research report on Thursday, September 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Finally, Canaccord Genuity Group increased their target price on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.40.

HIVE Digital Technologies Price Performance

Shares of HIVE stock opened at $4.08 on Wednesday. The company has a market capitalization of $533.95 million, a P/E ratio of -29.14 and a beta of 3.43. The company’s 50-day simple moving average is $3.73 and its two-hundred day simple moving average is $3.31. HIVE Digital Technologies has a one year low of $2.18 and a one year high of $5.74. 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 announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $22.65 million for the quarter, compared to analysts’ expectations of $25.32 million. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. As a group, equities analysts anticipate that HIVE Digital Technologies will post -0.29 EPS for the current year.

Institutional Investors Weigh In On HIVE Digital Technologies

Several institutional investors have recently made changes to their positions in the stock. Lifeworks Advisors LLC acquired a new position in shares of HIVE Digital Technologies in the third quarter valued at approximately $35,000. Vanguard Personalized Indexing Management LLC purchased a new position in HIVE Digital Technologies in the second quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC acquired a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at $44,000. Quadrature Capital Ltd acquired a new position in shares of HIVE Digital Technologies during the third quarter worth about $50,000. Finally, Wellington Management Group LLP purchased a new position in HIVE Digital Technologies in the 3rd quarter worth approximately $120,000. 24.42% of the stock is currently 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.