Generali Investments CEE investicni spolecnost a.s. Takes $2.06 Million Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 722,110 shares of the company’s stock, valued at approximately $2,058,000. Generali Investments CEE investicni spolecnost a.s. owned about 0.49% of HIVE Digital Technologies at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HIVE. Lifeworks Advisors LLC purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at approximately $35,000. Quadrature Capital Ltd purchased a new position in HIVE Digital Technologies during the third quarter worth approximately $50,000. Tobam raised its stake in HIVE Digital Technologies by 198.6% during the fourth quarter. Tobam now owns 19,060 shares of the company’s stock worth $54,000 after purchasing an additional 12,676 shares during the period. SBI Securities Co. Ltd. purchased a new position in HIVE Digital Technologies during the fourth quarter worth approximately $70,000. Finally, Gladstone Institutional Advisory LLC raised its stake in HIVE Digital Technologies by 114.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 30,025 shares of the company’s stock worth $86,000 after purchasing an additional 16,000 shares during the period. 24.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Northland Securities increased their price target 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, November 14th. Rosenblatt Securities started coverage on shares of HIVE Digital Technologies in a research note on Friday. They set a “buy” rating and a $6.00 price target on the stock. Roth Capital raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research report on Wednesday, December 18th. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective (up previously from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their price target on HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $7.79.

HIVE Digital Technologies Trading Up 5.8 %

Shares of HIVE Digital Technologies stock opened at $2.00 on Friday. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.03. The firm has a market cap of $313.22 million, a price-to-earnings ratio of -40.00 and a beta of 3.51. The business has a fifty day simple moving average of $2.77 and a 200-day simple moving average of $3.29. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.78 and a fifty-two week high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.06) earnings per share 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, equities analysts forecast that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current fiscal year.

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.