11,155 Shares in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Bought by Lifeworks Advisors LLC

Lifeworks Advisors LLC acquired a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) in the 3rd quarter, Holdings Channel reports. The fund acquired 11,155 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HIVE Digital Technologies in the 2nd quarter valued at about $36,000. Gladstone Institutional Advisory LLC acquired a new position in HIVE Digital Technologies during the third quarter worth approximately $44,000. Impact Partnership Wealth LLC lifted its stake in HIVE Digital Technologies by 202.4% in the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock valued at $151,000 after buying an additional 32,760 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of HIVE Digital Technologies by 78.6% in the first quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock valued at $5,856,000 after acquiring an additional 764,387 shares during the period. Finally, Van ECK Associates Corp grew 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 acquiring an additional 1,018,231 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Trading Up 2.9 %

NASDAQ HIVE opened at $4.43 on Friday. The company has a quick ratio of 7.35, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $561.84 million, a P/E ratio of -31.64 and a beta of 3.43. 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 $3.54 and a 200 day moving average price of $3.21.

HIVE Digital Technologies (NASDAQ:HIVE) last released its earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $22.65 million for 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 quarter in the previous year, the firm posted ($0.29) EPS. Equities research analysts expect that HIVE Digital Technologies Ltd. will post -0.28 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of HIVE Digital Technologies in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $9.00 price target for the company. Northland Securities increased their target price on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday. Canaccord Genuity Group boosted their price target on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley started coverage on HIVE Digital Technologies in a research note on Friday, July 19th. They set a “buy” rating and a $6.00 price objective for the company. Finally, HC Wainwright boosted their target price on HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.40.

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.