Rosenblatt Securities Reaffirms Buy Rating for HIVE Digital Technologies (NASDAQ:HIVE)

HIVE Digital Technologies (NASDAQ:HIVE)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $10.00 price target on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 180.90% from the stock’s current price.

Other equities analysts have also issued research reports about the company. B. Riley reissued a “buy” rating on shares of HIVE Digital Technologies in a research report on Wednesday, October 22nd. Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price target on shares of HIVE Digital Technologies in a research report on Monday, October 13th. Roth Capital upped their price objective 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. Zacks Research raised shares of HIVE Digital Technologies to a “hold” rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised HIVE Digital Technologies from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.29.

HIVE Digital Technologies Stock Up 7.6%

Shares of NASDAQ:HIVE opened at $3.56 on Tuesday. The firm has a market capitalization of $846.25 million, a P/E ratio of -17.80 and a beta of 3.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.42 and a current ratio of 3.42. The stock has a 50 day moving average price of $4.79 and a 200-day moving average price of $3.08. HIVE Digital Technologies has a 52-week low of $1.26 and a 52-week high of $7.84.

Institutional Trading of HIVE Digital Technologies

Several institutional investors have recently added to or reduced their stakes in HIVE. Tidal Investments LLC boosted its position in shares of HIVE Digital Technologies by 15.4% during the third quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock valued at $19,228,000 after buying an additional 637,679 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at approximately $17,584,000. Vident Advisory LLC lifted its position in HIVE Digital Technologies by 53.0% during the second quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock valued at $6,780,000 after purchasing an additional 1,305,057 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in HIVE Digital Technologies by 55.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,780,876 shares of the company’s stock worth $11,212,000 after purchasing an additional 987,314 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its holdings in HIVE Digital Technologies by 20.0% in the third quarter. Generali Investments CEE investicni spolecnost a.s. now owns 1,492,481 shares of the company’s stock worth $6,015,000 after purchasing an additional 248,251 shares during the last quarter. 24.42% of the stock is currently owned by hedge funds and other institutional investors.

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.