HIVE Digital Technologies (NASDAQ:HIVE) Research Coverage Started at Roth Mkm

Roth Mkm assumed coverage on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $7.50 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group lifted their target price on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, December 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $9.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Northland Capmk raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, 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 report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $7.42.

HIVE Digital Technologies Trading Down 0.3 %

Shares of HIVE opened at $3.13 on Thursday. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56. The company’s fifty day moving average is $3.97 and its 200 day moving average is $3.46. The stock has a market capitalization of $421.38 million, a PE ratio of -22.36 and a beta of 3.39.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $22.65 million for the quarter, compared to analysts’ expectations of $25.32 million. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. During the same period in the prior year, the company earned ($0.29) EPS. Sell-side analysts expect that HIVE Digital Technologies will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of institutional investors have recently modified their holdings of HIVE. Lifeworks Advisors LLC purchased a new stake in shares of HIVE Digital Technologies in the third quarter valued at approximately $35,000. Vanguard Personalized Indexing Management LLC bought a new stake in HIVE Digital Technologies during the 2nd quarter valued at $36,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of HIVE Digital Technologies in the 3rd quarter worth $44,000. Quadrature Capital Ltd bought a new position in shares of HIVE Digital Technologies during the 3rd quarter worth $50,000. Finally, Wellington Management Group LLP purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at $120,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

About HIVE Digital Technologies

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.