Impact Partnership Wealth LLC Acquires 32,760 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Impact Partnership Wealth LLC raised its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 202.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,945 shares of the company’s stock after acquiring an additional 32,760 shares during the quarter. Impact Partnership Wealth LLC’s holdings in HIVE Digital Technologies were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Advocates Investment Management raised its holdings in HIVE Digital Technologies by 10.8% during the 4th quarter. Financial Advocates Investment Management now owns 31,644 shares of the company’s stock valued at $143,000 after acquiring an additional 3,080 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of HIVE Digital Technologies in the fourth quarter worth $45,000. Sloy Dahl & Holst LLC bought a new position in shares of HIVE Digital Technologies in the first quarter worth $41,000. Scotia Capital Inc. bought a new position in shares of HIVE Digital Technologies in the fourth quarter worth $64,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of HIVE Digital Technologies in the fourth quarter worth $92,000. Institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Down 1.8 %

HIVE opened at $2.75 on Friday. The stock has a market cap of $323.72 million, a PE ratio of -4.66 and a beta of 3.52. The company has a quick ratio of 7.35, a current ratio of 7.35 and a debt-to-equity ratio of 0.06. HIVE Digital Technologies Ltd. has a 52 week low of $2.18 and a 52 week high of $5.74. The business’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $3.13.

HIVE Digital Technologies (NASDAQ:HIVE) last released its earnings results on Monday, August 12th. The company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $32.24 million for the quarter, compared to analysts’ expectations of $31.85 million. HIVE Digital Technologies had a negative return on equity of 20.88% and a negative net margin of 25.74%. As a group, research analysts expect that HIVE Digital Technologies Ltd. will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on HIVE shares. B. Riley started coverage on shares of HIVE Digital Technologies in a report on Friday, July 19th. They issued a “buy” rating and a $6.00 price target on the stock. StockNews.com raised shares of HIVE Digital Technologies to a “sell” rating in a report on Sunday, June 9th. HC Wainwright raised shares of HIVE Digital Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.00 to $5.00 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $6.00 price target on shares of HIVE Digital Technologies in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, HIVE Digital Technologies has an average rating of “Moderate Buy” and an average price target of $5.75.

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.