HIVE Digital Technologies Ltd. $HIVE Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 49.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,047 shares of the company’s stock after selling 14,506 shares during the period. Prime Capital Investment Advisors LLC’s holdings in HIVE Digital Technologies were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of HIVE Digital Technologies by 87.9% in the 1st 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. grew its stake in shares of HIVE Digital Technologies by 45.4% in the 2nd 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. grew its stake in shares of HIVE Digital Technologies by 18.6% in the 1st 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. grew its stake in shares of HIVE Digital Technologies by 328.2% in the 1st 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, Phoenix Financial Ltd. grew its stake in shares of HIVE Digital Technologies by 81.3% in the 1st quarter. Phoenix Financial Ltd. now owns 208,904 shares of the company’s stock worth $304,000 after purchasing an additional 93,704 shares during the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Performance

Shares of HIVE opened at $6.61 on Monday. HIVE Digital Technologies Ltd. has a one year low of $1.26 and a one year high of $7.84. The company has a 50-day moving average of $3.37 and a two-hundred day moving average of $2.40. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -33.05 and a beta of 3.51. 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 posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The business had revenue of $45.61 million during the quarter, compared to analysts’ expectations of $45.16 million. HIVE Digital Technologies had a negative net margin of 17.47% and a negative return on equity of 17.39%. On average, equities research analysts expect that HIVE Digital Technologies Ltd. will post -0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective 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. Canaccord Genuity Group raised their target price on shares of HIVE Digital Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Roth Capital raised their target price on shares of HIVE Digital Technologies from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th. 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. Finally, Rosenblatt Securities decreased 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. Eight 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 stock. According to MarketBeat.com, HIVE Digital Technologies has an average rating of “Moderate Buy” and an average target price of $7.00.

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.