UBS Group AG Buys 906,679 Shares of HIVE Digital Technologies Ltd. $HIVE

UBS Group AG raised its stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 3,992.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 929,390 shares of the company’s stock after purchasing an additional 906,679 shares during the period. UBS Group AG owned 0.37% of HIVE Digital Technologies worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HIVE. WMG Financial Advisors LLC lifted its position in shares of HIVE Digital Technologies by 400.0% during the fourth quarter. WMG Financial Advisors LLC now owns 50,000 shares of the company’s stock valued at $129,000 after buying an additional 40,000 shares during the last quarter. Quilter Plc purchased a new position in shares of HIVE Digital Technologies in the 4th quarter worth approximately $88,000. ACT Wealth Management LLC raised its stake in shares of HIVE Digital Technologies by 33.3% during the 4th quarter. ACT Wealth Management LLC now owns 16,000 shares of the company’s stock worth $41,000 after acquiring an additional 4,000 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in HIVE Digital Technologies by 94.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 338,142 shares of the company’s stock valued at $872,000 after acquiring an additional 164,495 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in HIVE Digital Technologies by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 500,890 shares of the company’s stock valued at $2,019,000 after acquiring an additional 103,574 shares during the last quarter. 24.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of HIVE Digital Technologies from $3.00 to $4.60 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. New Street Research set a $5.00 target price on HIVE Digital Technologies in a research note on Thursday, February 19th. Northland Securities set a $6.00 price target on HIVE Digital Technologies in a research note on Wednesday, February 18th. Rosenblatt Securities lowered their price target on HIVE Digital Technologies from $6.50 to $4.50 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, B. Riley Financial dropped their price target on HIVE Digital Technologies from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, two have given 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 price target of $6.34.

HIVE Digital Technologies Trading Up 0.7%

NASDAQ:HIVE opened at $4.10 on Wednesday. HIVE Digital Technologies Ltd. has a 12 month low of $1.60 and a 12 month high of $7.84. The firm has a fifty day simple moving average of $2.53 and a 200-day simple moving average of $2.75. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.08 billion, a P/E ratio of -6.83 and a beta of 3.50.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.