HIVE Digital Technologies Ltd. $HIVE Shares Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd boosted its stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 3,966.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,845 shares of the company’s stock after acquiring an additional 24,234 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in HIVE Digital Technologies were worth $36,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HIVE. Tidal Investments LLC grew its holdings in shares of HIVE Digital Technologies by 5.0% during the fourth quarter. Tidal Investments LLC now owns 4,210,339 shares of the company’s stock worth $11,999,000 after buying an additional 200,024 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of HIVE Digital Technologies by 26.1% during the fourth quarter. Vident Advisory LLC now owns 2,831,492 shares of the company’s stock worth $8,072,000 after buying an additional 585,511 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HIVE Digital Technologies by 87.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company’s stock worth $2,006,000 after buying an additional 647,159 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of HIVE Digital Technologies by 332.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 962,677 shares of the company’s stock worth $2,744,000 after buying an additional 740,247 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of HIVE Digital Technologies by 18.5% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 855,950 shares of the company’s stock worth $1,241,000 after buying an additional 133,840 shares in the last quarter. 24.42% of the stock is currently owned by institutional investors and hedge funds.

HIVE Digital Technologies Trading Down 1.3%

Shares of HIVE stock opened at $2.22 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a market cap of $509.13 million, a PE ratio of -11.10 and a beta of 3.41. The company has a 50-day moving average of $2.10 and a two-hundred day moving average of $1.99. HIVE Digital Technologies Ltd. has a 1-year low of $1.26 and a 1-year high of $5.54.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $45.61 million during the quarter, compared to analyst estimates of $45.16 million. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 19.33%. On average, analysts predict that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities dropped their target price on shares of HIVE Digital Technologies from $5.50 to $5.00 and set a “buy” rating for the company in a report on Friday, June 27th. HC Wainwright dropped their price objective on shares of HIVE Digital Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, June 27th. Cantor Fitzgerald upped their price objective on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company an “overweight” rating in a report on Friday, June 27th. Canaccord Genuity Group reissued a “buy” rating and issued a $9.00 price objective on shares of HIVE Digital Technologies in a report on Thursday, July 3rd. Finally, Zacks Research raised shares of HIVE Digital Technologies to a “hold” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, HIVE Digital Technologies has a consensus rating of “Buy” and a consensus target price of $6.67.

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.