XTX Topco Ltd Takes $463,000 Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

XTX Topco Ltd purchased a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 147,923 shares of the company’s stock, valued at approximately $463,000. XTX Topco Ltd owned 0.12% of HIVE Digital Technologies as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lifeworks Advisors LLC acquired a new position in shares of HIVE Digital Technologies during the third quarter valued at $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of HIVE Digital Technologies during the second quarter valued at $36,000. Gladstone Institutional Advisory LLC acquired a new position in shares of HIVE Digital Technologies during the third quarter valued at $44,000. Quadrature Capital Ltd acquired a new position in shares of HIVE Digital Technologies during the third quarter valued at $50,000. Finally, Wellington Management Group LLP acquired a new position in HIVE Digital Technologies in the third quarter valued at about $120,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Down 1.3 %

Shares of HIVE Digital Technologies stock opened at $3.81 on Friday. HIVE Digital Technologies Ltd. has a 1 year low of $2.18 and a 1 year high of $5.74. The business has a 50-day moving average of $3.93 and a two-hundred day moving average of $3.44. The company has a market capitalization of $512.93 million, a P/E ratio of -27.21 and a beta of 3.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 5.56.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $22.65 million during the quarter, compared to the consensus estimate 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 last year, the company earned ($0.29) earnings per share. As a group, equities analysts predict that HIVE Digital Technologies Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Northland Securities increased their target price on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Canaccord Genuity Group increased their target price on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, December 3rd. Finally, HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of HIVE Digital Technologies in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HIVE Digital Technologies presently has an average rating of “Moderate Buy” and an average target price of $7.40.

HIVE Digital Technologies 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.