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

HC Wainwright reaffirmed their buy rating on shares of HIVE Digital Technologies (NASDAQ:HIVE) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $8.00 target price on the stock.

Several other equities analysts also recently weighed in on HIVE. Cantor Fitzgerald reissued an “overweight” rating and issued a $9.00 price target on shares of HIVE Digital Technologies in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods began coverage on HIVE Digital Technologies in a report on Wednesday, January 8th. They set an “outperform” rating on the stock. Canaccord Genuity Group increased their price target on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Roth Capital raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, HIVE Digital Technologies currently has a consensus rating of “Buy” and an average target price of $7.42.

HIVE Digital Technologies Price Performance

NASDAQ:HIVE opened at $2.87 on Wednesday. The stock has a 50 day moving average of $3.43 and a two-hundred day moving average of $3.45. HIVE Digital Technologies has a 12 month low of $2.18 and a 12 month high of $5.54. The firm has a market cap of $414.03 million, a P/E ratio of -20.50 and a beta of 3.46. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Lifeworks Advisors LLC acquired a new position in shares of HIVE Digital Technologies in the 3rd quarter worth approximately $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in HIVE Digital Technologies during the second quarter worth $36,000. Gladstone Institutional Advisory LLC purchased a new position in shares of HIVE Digital Technologies during the third quarter worth $44,000. Quadrature Capital Ltd acquired a new stake in shares of HIVE Digital Technologies in the third quarter valued at $50,000. Finally, Tobam raised its holdings in shares of HIVE Digital Technologies by 198.6% in the 4th quarter. Tobam now owns 19,060 shares of the company’s stock valued at $54,000 after buying an additional 12,676 shares during the period. 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.