Harvest Portfolios Group Inc. Acquires 17,821 Shares of HIVE Digital Technologies Ltd. $HIVE

Harvest Portfolios Group Inc. raised its holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,725 shares of the company’s stock after acquiring an additional 17,821 shares during the period. Harvest Portfolios Group Inc.’s holdings in HIVE Digital Technologies were worth $117,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in HIVE Digital Technologies in the 1st quarter worth about $31,000. Caitong International Asset Management Co. Ltd increased its position in HIVE Digital Technologies by 3,966.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 24,845 shares of the company’s stock valued at $36,000 after purchasing an additional 24,234 shares during the period. Ethos Financial Group LLC bought a new position in HIVE Digital Technologies during the second quarter worth $36,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of HIVE Digital Technologies in the 2nd quarter worth about $38,000. Finally, SBI Securities Co. Ltd. lifted its stake in HIVE Digital Technologies by 30.9% in the first quarter. SBI Securities Co. Ltd. now owns 31,950 shares of the company’s stock valued at $46,000 after buying an additional 7,535 shares during the period. 24.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HIVE has been the topic of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of HIVE Digital Technologies in a report on Friday, October 31st. Rosenblatt Securities raised their price objective on HIVE Digital Technologies from $5.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Northland Securities set a $7.50 target price on shares of HIVE Digital Technologies in a research report on Tuesday, October 7th. Roth Capital lifted their target price on HIVE Digital Technologies from $6.00 to $7.50 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a report on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HIVE Digital Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

HIVE Digital Technologies Trading Down 1.5%

Shares of HIVE Digital Technologies stock opened at $4.70 on Friday. The company’s 50-day moving average price is $4.65 and its 200-day moving average price is $2.97. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.02. HIVE Digital Technologies Ltd. has a 12-month low of $1.26 and a 12-month high of $7.84. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -23.50 and a beta of 3.54.

HIVE Digital Technologies (NASDAQ:HIVE) last issued 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. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%. The company had revenue of $45.61 million during the quarter, compared to analysts’ expectations of $45.16 million. On average, equities analysts expect that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current fiscal 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.