Mirae Asset Global Investments Co. Ltd. Has $4.13 Million Stock Holdings in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 6.4% in the fourth quarter, HoldingsChannel reports. The fund owned 914,308 shares of the company’s stock after acquiring an additional 54,615 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in HIVE Digital Technologies were worth $4,133,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Global Strategic Investment Solutions LLC acquired a new position in HIVE Digital Technologies during the 4th quarter worth approximately $113,000. Wellington Management Group LLP boosted its position in HIVE Digital Technologies by 18.1% during the 3rd quarter. Wellington Management Group LLP now owns 62,704 shares of the company’s stock worth $194,000 after acquiring an additional 9,627 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in HIVE Digital Technologies during the 3rd quarter worth approximately $31,000. Invesco Ltd. boosted its position in HIVE Digital Technologies by 2.8% during the 3rd quarter. Invesco Ltd. now owns 2,918,364 shares of the company’s stock worth $8,989,000 after acquiring an additional 80,788 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in HIVE Digital Technologies by 19.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,319,089 shares of the company’s stock worth $4,063,000 after acquiring an additional 217,686 shares during the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Trading Down 6.1 %

Shares of HIVE Digital Technologies stock opened at $2.68 on Tuesday. HIVE Digital Technologies Ltd. has a 12-month low of $2.65 and a 12-month high of $6.84. The stock has a market cap of $286.31 million, a P/E ratio of -4.18 and a beta of 3.51. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $3.46 and its 200-day moving average is $3.48.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. HIVE Digital Technologies had a negative return on equity of 34.90% and a negative net margin of 57.15%. The company had revenue of $31.25 million for the quarter, compared to analysts’ expectations of $27.20 million. Equities research analysts predict that HIVE Digital Technologies Ltd. will post -0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

HIVE has been the subject of a number of recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $6.00 price target on shares of HIVE Digital Technologies in a research report on Thursday, March 28th. HC Wainwright reiterated a “neutral” rating and set a $3.50 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a research note on Monday, March 18th.

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.