HIVE Digital Technologies (NASDAQ:HIVE) Given “Buy” Rating at HC Wainwright

HIVE Digital Technologies (NASDAQ:HIVE)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $8.00 target price on the stock. HC Wainwright’s price target suggests a potential upside of 186.74% from the stock’s current price.

HIVE has been the topic of several other reports. Keefe, Bruyette & Woods assumed coverage on shares of HIVE Digital Technologies in a research report on Wednesday, January 8th. They set an “outperform” rating on the stock. Northland Securities boosted their price objective on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. Canaccord Genuity Group boosted their price target on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $7.42.

HIVE Digital Technologies Price Performance

NASDAQ HIVE opened at $2.79 on Wednesday. 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 business’s fifty day moving average is $3.45 and its 200 day moving average is $3.46. The company has a market capitalization of $402.49 million, a PE ratio of -19.93 and a beta of 3.46. HIVE Digital Technologies has a fifty-two week low of $2.18 and a fifty-two week high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. The firm had revenue of $22.65 million for the quarter, compared to analysts’ expectations of $25.32 million. During the same period in the previous year, the firm earned ($0.29) EPS. Sell-side analysts predict that HIVE Digital Technologies will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC bought a new stake in shares of HIVE Digital Technologies in the 2nd quarter worth about $36,000. Gladstone Institutional Advisory LLC purchased a new position in HIVE Digital Technologies in the third quarter worth about $44,000. Lifeworks Advisors LLC bought a new stake in HIVE Digital Technologies during the third quarter worth approximately $35,000. Charles Schwab Investment Management Inc. raised its position in HIVE Digital Technologies by 48.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company’s stock valued at $1,018,000 after purchasing an additional 106,103 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of HIVE Digital Technologies in the 3rd quarter valued at approximately $235,000. Hedge funds and other institutional investors own 24.42% of the company’s stock.

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.