Harvest Portfolios Group Inc. Has $124,000 Stock Holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Harvest Portfolios Group Inc. lessened its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 18.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 38,681 shares of the company’s stock after selling 8,494 shares during the period. Harvest Portfolios Group Inc.’s holdings in HIVE Digital Technologies were worth $124,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of HIVE Digital Technologies by 35.4% during the second quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company’s stock worth $11,995,000 after purchasing an additional 1,018,231 shares in the last quarter. Impact Partnership Wealth LLC lifted its position in HIVE Digital Technologies by 202.4% in the 2nd quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock valued at $151,000 after acquiring an additional 32,760 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in HIVE Digital Technologies in the 2nd quarter valued at $36,000. Gladstone Institutional Advisory LLC bought a new stake in HIVE Digital Technologies in the 3rd quarter valued at $44,000. Finally, Vident Advisory LLC lifted its position in HIVE Digital Technologies by 78.6% during the 1st quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock worth $5,856,000 after buying an additional 764,387 shares in the last quarter. 24.42% of the stock is owned by institutional investors.

HIVE Digital Technologies Trading Up 11.1 %

Shares of NASDAQ HIVE opened at $4.52 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 7.35 and a current ratio of 7.35. HIVE Digital Technologies Ltd. has a 52-week low of $2.18 and a 52-week high of $5.74. The firm has a 50 day moving average price of $3.29 and a two-hundred day moving average price of $3.13. The stock has a market cap of $552.53 million, a P/E ratio of -11.81 and a beta of 3.43.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). HIVE Digital Technologies had a negative net margin of 25.74% and a negative return on equity of 20.88%. The company had revenue of $32.24 million during the quarter, compared to analysts’ expectations of $31.85 million. As a group, equities analysts forecast that HIVE Digital Technologies Ltd. will post -0.28 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. B. Riley started coverage on shares of HIVE Digital Technologies in a research report on Friday, July 19th. They set a “buy” rating and a $6.00 price target on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $6.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, August 21st. Northland Securities initiated coverage on shares of HIVE Digital Technologies in a report on Thursday, September 19th. They issued an “outperform” rating and a $5.50 price objective for the company. HC Wainwright raised shares of HIVE Digital Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $5.00 in a report on Thursday, August 15th. Finally, Cantor Fitzgerald started coverage on shares of HIVE Digital Technologies in a report on Tuesday, October 29th. They set an “overweight” rating and a $9.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

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.