HIVE Digital Technologies (NASDAQ:HIVE) Price Target Lowered to $3.00 at Cantor Fitzgerald

HIVE Digital Technologies (NASDAQ:HIVE) had its price objective cut by Cantor Fitzgerald from $5.00 to $3.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

HIVE has been the subject of several other reports. Northland Securities set a $6.00 price target on shares of HIVE Digital Technologies in a report on Wednesday, February 18th. Rosenblatt Securities lowered their price target on shares of HIVE Digital Technologies from $6.50 to $4.50 and set a “buy” rating for the company in a report on Wednesday, February 18th. New Street Research set a $5.00 price target on shares of HIVE Digital Technologies in a report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of HIVE Digital Technologies in a report on Wednesday, January 28th. Finally, HC Wainwright reissued a “buy” rating on shares of HIVE Digital Technologies in a research note on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.17.

HIVE Digital Technologies Price Performance

Shares of HIVE opened at $2.07 on Thursday. HIVE Digital Technologies has a one year low of $1.39 and a one year high of $7.84. The company has a market cap of $539.31 million, a P/E ratio of -3.45 and a beta of 3.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $3.30.

Institutional Trading of HIVE Digital Technologies

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in shares of HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock worth $26,000 after purchasing an additional 9,429 shares during the last quarter. WMG Financial Advisors LLC bought a new stake in shares of HIVE Digital Technologies in the third quarter worth $40,000. HBW Advisory Services LLC bought a new stake in shares of HIVE Digital Technologies in the third quarter worth $40,000. Ground Swell Capital LLC bought a new stake in HIVE Digital Technologies during the fourth quarter valued at $27,000. Finally, Rafferty Asset Management LLC bought a new stake in HIVE Digital Technologies during the fourth quarter valued at $28,000. Institutional investors own 24.42% of the company’s stock.

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.