1 week Ago By Defense World Staff
Bank of Montreal Can lowered its stake in HIVE Digital Technologies Ltd. ( NASDAQ:HIVE – Free Report ) by 84.7% during the fourth quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 15,343 shares of the company’s stock after selling 85,232 shares during the quarter. Bank of Montreal Can’s holdings in HIVE Digital Technologies were worth $44,000 as of its most recent filing with the SEC. Several other hedge funds also recently bought and sold shares of HIVE.
Wells Fargo & Company MN boosted its stake in shares of HIVE Digital Technologies by 60.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,320 shares of the company’s stock valued at $44,000 after acquiring an additional 5,800 shares during the last quarter.
Lifeworks Advisors LLC boosted its stake in shares of HIVE Digital Technologies by 46.2% during the 4th quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company’s stock worth $46,000 after purchasing an additional 5,152 shares during the last quarter.
Franklin Resources Inc. purchased a new stake in shares of HIVE Digital Technologies during the fourth quarter worth about $53,000. Tobam raised its position in shares of HIVE Digital Technologies by 198.
6% in the fourth 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 last quarter. Finally, LPL Financial LLC purchased a new position in shares of HIVE Digital Technologies during the fourth quarter valued at approximately $54,000.
Hedge funds and other institutional investors own 24.42% of the company’s stock. Analysts Set New Price Targets Several analysts have commented on HIVE shares.
Rosenblatt Securities began coverage on shares of HIVE Digital Technologies in a research note on Friday, March 7th. They issued a “buy” rating and a $6.00 target price for the company.
Canaccord Genuity Group reiterated a “buy” rating and issued a $9.00 target price on shares of HIVE Digital Technologies in a research note on Wednesday, March 26th. StockNews.
com raised HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. Cantor Fitzgerald dropped their price objective on shares of HIVE Digital Technologies from $10.00 to $8.
00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 target price (up from $8.
00) on shares of HIVE Digital Technologies in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.
com, the company presently has an average rating of “Buy” and a consensus price target of $7.64. HIVE Digital Technologies Trading Up 4.
1 % Shares of HIVE stock opened at $1.79 on Friday. HIVE Digital Technologies Ltd.
has a fifty-two week low of $1.26 and a fifty-two week high of $5.54.
The firm’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $2.90.
The stock has a market cap of $305.04 million, a price-to-earnings ratio of -35.80 and a beta of 3.
55. The company has a quick ratio of 10.41, a current ratio of 10.
41 and a debt-to-equity ratio of 0.03. HIVE Digital Technologies ( NASDAQ:HIVE – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 11th.
The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.
05. HIVE Digital Technologies had a negative return on equity of 8.95% and a negative net margin of 5.
45%. On average, analysts anticipate that HIVE Digital Technologies Ltd. will post -0.
32 EPS for the current year. About HIVE Digital Technologies ( Free Report ) 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.
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