LPL Financial LLC Purchases Shares of 19,067 HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

LPL Financial LLC acquired a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,067 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of HIVE Digital Technologies by 126.4% during the fourth 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 in the last quarter. Van ECK Associates Corp increased its holdings 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 valued at $13,003,000 after purchasing an additional 692,799 shares in the last quarter. Quantbot Technologies LP bought a new position in HIVE Digital Technologies in the 4th quarter valued at $854,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of HIVE Digital Technologies in the fourth quarter valued at $2,058,000. Finally, Sei Investments Co. acquired a new position in HIVE Digital Technologies during the 4th quarter worth about $232,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

Analysts Set New Price Targets

HIVE has been the subject of several recent research reports. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a report on Tuesday, January 14th. HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective (up previously from $8.00) on shares of HIVE Digital Technologies in a report on Thursday, February 13th. Cantor Fitzgerald decreased their target price on HIVE Digital Technologies from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods assumed coverage on shares of HIVE Digital Technologies in a research report on Wednesday, January 8th. They issued an “outperform” rating on the stock. Finally, Rosenblatt Securities began coverage on shares of HIVE Digital Technologies in a report on Friday, March 7th. They set a “buy” rating and a $6.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $7.64.

HIVE Digital Technologies Trading Up 4.1 %

Shares of NASDAQ:HIVE opened at $1.76 on Friday. The firm has a market cap of $299.93 million, a price-to-earnings ratio of -35.20 and a beta of 3.55. HIVE Digital Technologies Ltd. has a 12 month low of $1.26 and a 12 month high of $5.54. The company’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $2.86. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.03.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 8.95% and a negative net margin of 5.45%. As a group, research analysts forecast that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current fiscal year.

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.