HIVE Digital Technologies’ (HIVE) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $6.00 price objective on the stock.

HIVE has been the subject of a number of other research reports. HC Wainwright reissued a neutral rating and issued a $3.50 target price on shares of HIVE Digital Technologies in a report on Wednesday. StockNews.com upgraded shares of HIVE Digital Technologies to a sell rating in a research note on Sunday, June 9th.

HIVE Digital Technologies Trading Down 2.8 %

NASDAQ HIVE opened at $3.08 on Wednesday. The company has a quick ratio of 3.51, a current ratio of 6.77 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $360.61 million, a P/E ratio of -5.22 and a beta of 3.48. HIVE Digital Technologies has a 52-week low of $2.18 and a 52-week high of $6.84. The firm has a 50-day moving average price of $2.76 and a 200 day moving average price of $3.32.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Monday, June 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. HIVE Digital Technologies had a negative return on equity of 28.52% and a negative net margin of 44.73%. The business had revenue of $36.88 million during the quarter, compared to the consensus estimate of $39.70 million. Equities research analysts expect that HIVE Digital Technologies will post -0.56 EPS for the current year.

Institutional Trading of HIVE Digital Technologies

Institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management raised its stake in shares of HIVE Digital Technologies by 10.8% during the 4th quarter. Financial Advocates Investment Management now owns 31,644 shares of the company’s stock worth $143,000 after buying an additional 3,080 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in HIVE Digital Technologies during the fourth quarter worth about $45,000. Sloy Dahl & Holst LLC acquired a new position in HIVE Digital Technologies during the first quarter worth about $41,000. Scotia Capital Inc. purchased a new stake in shares of HIVE Digital Technologies in the fourth quarter valued at about $64,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of HIVE Digital Technologies in the fourth quarter valued at approximately $92,000. 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.