147,923 Shares in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 147,923 shares of the company’s stock, valued at approximately $463,000.

Other large investors have also recently bought and sold shares of the company. Lifeworks Advisors LLC acquired a new position in HIVE Digital Technologies during the third quarter valued at approximately $35,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HIVE Digital Technologies in the second quarter valued at approximately $36,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of HIVE Digital Technologies in the third quarter valued at approximately $44,000. Quadrature Capital Ltd acquired a new stake in shares of HIVE Digital Technologies in the third quarter valued at approximately $50,000. Finally, Wellington Management Group LLP acquired a new stake in shares of HIVE Digital Technologies in the third quarter valued at approximately $120,000. 24.42% of the stock is owned by institutional investors and hedge funds.

HIVE Digital Technologies Stock Performance

NASDAQ:HIVE opened at $3.81 on Friday. The stock has a market cap of $512.93 million, a P/E ratio of -27.21 and a beta of 3.39. The stock has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $3.44. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies Ltd. has a 1-year low of $2.18 and a 1-year high of $5.74.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. HIVE Digital Technologies had a negative return on equity of 10.78% and a negative net margin of 12.04%. The firm had revenue of $22.65 million for the quarter, compared to analyst estimates of $25.32 million. During the same quarter last year, the company earned ($0.29) EPS. Research analysts anticipate that HIVE Digital Technologies Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HIVE. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, December 3rd. Canaccord Genuity Group raised their price objective on HIVE Digital Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research report on Tuesday, December 3rd. Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Northland Securities lifted their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.40.

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.