HIVE Digital Technologies (NASDAQ:HIVE) Upgraded at Roth Capital

Roth Capital upgraded shares of HIVE Digital Technologies (NASDAQ:HIVE) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

HIVE has been the subject of a number of other reports. Canaccord Genuity Group upped their price objective on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Roth Mkm assumed coverage on shares of HIVE Digital Technologies in a research report on Thursday. They issued a “buy” rating and a $7.50 price target for the company. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, December 3rd. Northland Capmk raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, HIVE Digital Technologies currently has an average rating of “Buy” and a consensus price target of $7.42.

HIVE Digital Technologies Trading Down 0.3 %

NASDAQ HIVE opened at $3.13 on Wednesday. The stock has a market cap of $421.38 million, a PE ratio of -22.36 and a beta of 3.39. HIVE Digital Technologies has a 12 month low of $2.18 and a 12 month high of $5.74. The company’s 50-day moving average price is $3.97 and its 200-day moving average price is $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 earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The business had revenue of $22.65 million for the quarter, compared to the consensus estimate of $25.32 million. During the same period in the prior year, the firm earned ($0.29) EPS. Equities research analysts forecast that HIVE Digital Technologies will post -0.33 earnings per share for the current year.

Institutional Investors Weigh In On HIVE Digital Technologies

Several institutional investors have recently bought and sold shares of HIVE. Lifeworks Advisors LLC acquired a new position in shares of HIVE Digital Technologies during the third quarter worth $35,000. Vanguard Personalized Indexing Management LLC purchased a new stake in HIVE Digital Technologies in the second quarter valued at about $36,000. Gladstone Institutional Advisory LLC acquired a new stake in HIVE Digital Technologies in the third quarter worth about $44,000. Quadrature Capital Ltd acquired a new stake in HIVE Digital Technologies in the third quarter worth about $50,000. Finally, Impact Partnership Wealth LLC grew its stake in shares of HIVE Digital Technologies by 202.4% during the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock worth $151,000 after acquiring an additional 32,760 shares during the last quarter. 24.42% of the stock is currently owned by institutional investors and hedge funds.

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.