11,155 Shares in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Purchased by Lifeworks Advisors LLC

Lifeworks Advisors LLC acquired a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,155 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HIVE Digital Technologies in the 2nd quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC purchased a new stake in HIVE Digital Technologies in the third quarter valued at approximately $44,000. Impact Partnership Wealth LLC lifted its stake in HIVE Digital Technologies by 202.4% during the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock worth $151,000 after purchasing an additional 32,760 shares in the last quarter. Vident Advisory LLC lifted its stake in HIVE Digital Technologies by 78.6% during the first quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock worth $5,856,000 after purchasing an additional 764,387 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of HIVE Digital Technologies by 35.4% during the second quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company’s stock worth $11,995,000 after buying an additional 1,018,231 shares during the period. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Up 2.9 %

Shares of HIVE Digital Technologies stock opened at $4.43 on Friday. HIVE Digital Technologies Ltd. has a 52-week low of $2.18 and a 52-week high of $5.74. The company has a 50 day moving average of $3.54 and a 200 day moving average of $3.21. The company has a quick ratio of 7.35, a current ratio of 5.56 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $561.84 million, a P/E ratio of -31.64 and a beta of 3.43.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. HIVE Digital Technologies had a negative net margin of 12.04% and a negative return on equity of 10.78%. The business had revenue of $22.65 million during the quarter, compared to analysts’ expectations of $25.32 million. During the same period in the previous year, the company earned ($0.29) EPS. As a group, research analysts forecast that HIVE Digital Technologies Ltd. will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald started coverage on HIVE Digital Technologies in a report on Tuesday, October 29th. They issued an “overweight” rating and a $9.00 price objective on the stock. B. Riley began coverage on shares of HIVE Digital Technologies in a research report on Friday, July 19th. They set a “buy” rating and a $6.00 price target on the stock. Canaccord Genuity Group raised their price objective on shares of HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday. Northland Capmk raised shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Northland Securities raised their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, HIVE Digital Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $7.40.

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.