Phoenix Financial Ltd. Sells 61,904 Shares of HIVE Digital Technologies Ltd. $HIVE

Phoenix Financial Ltd. trimmed its position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 29.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,000 shares of the company’s stock after selling 61,904 shares during the period. Phoenix Financial Ltd.’s holdings in HIVE Digital Technologies were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of HIVE Digital Technologies by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,309 shares of the company’s stock valued at $100,000 after purchasing an additional 6,958 shares during the period. SBI Securities Co. Ltd. increased its holdings in HIVE Digital Technologies by 30.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 31,950 shares of the company’s stock valued at $46,000 after acquiring an additional 7,535 shares during the last quarter. Plancorp LLC increased its holdings in HIVE Digital Technologies by 55.6% in the 2nd quarter. Plancorp LLC now owns 35,000 shares of the company’s stock valued at $63,000 after acquiring an additional 12,500 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in HIVE Digital Technologies in the 2nd quarter valued at $38,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in HIVE Digital Technologies in the 1st quarter valued at $31,000. 24.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Roth Capital lifted their price target on shares of HIVE Digital Technologies from $6.00 to $7.50 and gave the company a “buy” rating in a report on Tuesday, August 26th. Rosenblatt Securities lifted their price target on shares of HIVE Digital Technologies from $5.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a report on Monday, October 13th. Wall Street Zen upgraded shares of HIVE Digital Technologies from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Zacks Research upgraded shares of HIVE Digital Technologies to a “hold” rating in a report on Friday, August 8th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.71.

HIVE Digital Technologies Price Performance

HIVE stock opened at $4.94 on Thursday. HIVE Digital Technologies Ltd. has a 12 month low of $1.26 and a 12 month high of $7.84. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $3.99 and a 200 day moving average price of $2.63. The stock has a market cap of $1.17 billion, a PE ratio of -24.70 and a beta of 3.51.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $45.61 million during the quarter, compared to analysts’ expectations of $45.16 million. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%. Equities research analysts anticipate that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current year.

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.