Phoenix Financial Ltd. Sells 61,904 Shares of HIVE Digital Technologies Ltd. $HIVE

Phoenix Financial Ltd. lowered its stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 29.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,000 shares of the company’s stock after selling 61,904 shares during the quarter. Phoenix Financial Ltd. owned 0.07% of HIVE Digital Technologies worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in HIVE Digital Technologies by 87.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,383,446 shares of the company’s stock worth $2,006,000 after purchasing an additional 647,159 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in HIVE Digital Technologies by 45.4% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 1,244,230 shares of the company’s stock worth $2,240,000 after purchasing an additional 388,280 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in HIVE Digital Technologies by 18.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 878,457 shares of the company’s stock worth $1,283,000 after purchasing an additional 137,651 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in HIVE Digital Technologies by 328.2% in the first quarter. Goldman Sachs Group Inc. now owns 520,877 shares of the company’s stock worth $755,000 after purchasing an additional 399,223 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in HIVE Digital Technologies by 42.0% in the first quarter. Invesco Ltd. now owns 143,541 shares of the company’s stock worth $208,000 after purchasing an additional 42,449 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Northland Securities set a $7.50 target price on shares of HIVE Digital Technologies in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of HIVE Digital Technologies from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Roth Capital lifted their price target on shares of HIVE Digital Technologies from $6.00 to $7.50 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of HIVE Digital Technologies in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald lifted their price target on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the stock an “overweight” rating in a research note on Friday, June 27th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.71.

HIVE Digital Technologies Trading Down 10.2%

Shares of HIVE Digital Technologies stock opened at $4.94 on Thursday. The company’s fifty day simple moving average is $3.99 and its 200-day simple moving average is $2.63. The stock has a market capitalization of $1.17 billion, a PE ratio of -24.70 and a beta of 3.51. HIVE Digital Technologies Ltd. has a 1-year low of $1.26 and a 1-year high of $7.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.42.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $45.61 million for the quarter, compared to the consensus estimate of $45.16 million. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%. As a group, equities analysts anticipate that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current year.

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.