Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.95.
Several equities analysts have commented on the stock. Weiss Ratings raised shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Rosenblatt Securities upped their price target on shares of HIVE Digital Technologies from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a research note on Monday, October 19th. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a research note on Monday, August 17th. Finally, Chardan Capital reissued a “buy” rating and set a $7.50 target price on shares of HIVE Digital Technologies in a report on Wednesday, September 16th.
View Our Latest Stock Report on HIVE Digital Technologies
HIVE Digital Technologies Price Performance
Shares of HIVE opened at $1.81 on Tuesday. The firm has a market capitalization of $499.96 million, a price-to-earnings ratio of -1.40 and a beta of 3.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.96 and a current ratio of 1.96. HIVE Digital Technologies has a one year low of $1.58 and a one year high of $5.34. The stock’s fifty day moving average is $2.58 and its 200-day moving average is $2.79.
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The business had revenue of $84.88 million for the quarter, compared to analysts’ expectations of $79.44 million. HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 31.98%. Equities analysts anticipate that HIVE Digital Technologies will post -0.66 EPS for the current year.
Insider Transactions at HIVE Digital Technologies
In other news, Director Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $2.72, for a total transaction of $272,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Institutional Trading of HIVE Digital Technologies
Institutional investors have recently modified their holdings of the company. Situational Awareness LP acquired a new position in shares of HIVE Digital Technologies in the 1st quarter worth approximately $6,444,000. BTG Pactual Asset Management US LLC bought a new stake in shares of HIVE Digital Technologies in the 2nd quarter worth approximately $2,730,000. Acasta Partners UK LLP acquired a new stake in HIVE Digital Technologies during the second quarter valued at approximately $3,640,000. Empowered Funds LLC acquired a new stake in HIVE Digital Technologies during the first quarter valued at approximately $1,934,000. Finally, Engineers Gate Manager LP acquired a new stake in HIVE Digital Technologies during the second quarter valued at approximately $628,000. Institutional investors and hedge funds own 24.42% of the company’s stock.
HIVE Digital Technologies Company Profile
HIVE Digital Technologies Ltd. is a digital asset infrastructure company focused primarily on Bitcoin mining and the operation of data centers. The company uses specialized computing equipment and energy infrastructure to support cryptocurrency mining, while also developing facilities designed to accommodate high-performance computing and artificial intelligence applications.
Founded as HIVE Blockchain Technologies, the company adopted the HIVE Digital Technologies name in 2023 to reflect its broader focus beyond cryptocurrency mining.
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