Zhang Financial LLC Makes New Investment in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Zhang Financial LLC purchased a new position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,660 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently bought and sold shares of HIVE. Gladstone Institutional Advisory LLC raised its position in HIVE Digital Technologies by 114.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 30,025 shares of the company’s stock worth $86,000 after buying an additional 16,000 shares during the last quarter. Van ECK Associates Corp raised its position in HIVE Digital Technologies by 17.9% during the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company’s stock worth $13,003,000 after buying an additional 692,799 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in HIVE Digital Technologies during the 4th quarter worth approximately $70,000. Charles Schwab Investment Management Inc. raised its position in HIVE Digital Technologies by 126.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company’s stock worth $2,098,000 after buying an additional 411,071 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in HIVE Digital Technologies during the 4th quarter worth approximately $2,058,000. 24.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of HIVE Digital Technologies to a “sell” rating in a research note on Saturday, May 17th. Rosenblatt Securities assumed coverage on shares of HIVE Digital Technologies in a research note on Friday, March 7th. They set a “buy” rating and a $6.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective (up previously from $8.00) on shares of HIVE Digital Technologies in a research note on Thursday, February 13th. Cantor Fitzgerald dropped their price objective on shares of HIVE Digital Technologies from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $7.64.

HIVE Digital Technologies Price Performance

HIVE Digital Technologies stock opened at $1.95 on Friday. The company’s fifty day moving average price is $1.77 and its 200 day moving average price is $2.42. HIVE Digital Technologies Ltd. has a 1 year low of $1.26 and a 1 year high of $5.54. The stock has a market capitalization of $365.11 million, a P/E ratio of -39.00 and a beta of 3.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.41 and a current ratio of 10.41.

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.