Harvest Portfolios Group Inc. Has $124,000 Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Harvest Portfolios Group Inc. lowered its stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 18.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 38,681 shares of the company’s stock after selling 8,494 shares during the period. Harvest Portfolios Group Inc.’s holdings in HIVE Digital Technologies were worth $124,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HIVE. MMCAP International Inc. SPC acquired a new position in HIVE Digital Technologies in the first quarter worth about $11,227,000. Van ECK Associates Corp lifted its stake in HIVE Digital Technologies by 35.4% during the second quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company’s stock worth $11,995,000 after purchasing an additional 1,018,231 shares during the period. Vident Advisory LLC lifted its stake in HIVE Digital Technologies by 78.6% during the first quarter. Vident Advisory LLC now owns 1,737,308 shares of the company’s stock worth $5,856,000 after purchasing an additional 764,387 shares during the period. Impact Partnership Wealth LLC lifted its stake in HIVE Digital Technologies by 202.4% during the second quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company’s stock worth $151,000 after purchasing an additional 32,760 shares during the period. Finally, Gladstone Institutional Advisory LLC bought a new position in HIVE Digital Technologies during the third quarter worth about $44,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Performance

Shares of HIVE Digital Technologies stock opened at $4.52 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.35 and a quick ratio of 7.35. The firm has a market cap of $552.53 million, a P/E ratio of -11.81 and a beta of 3.43. The firm has a 50 day simple moving average of $3.29 and a 200 day simple moving average of $3.13. HIVE Digital Technologies Ltd. has a fifty-two week low of $2.18 and a fifty-two week high of $5.74.

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

Analyst Ratings Changes

A number of brokerages have commented on HIVE. Canaccord Genuity Group restated a “buy” rating and set a $6.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, August 21st. Northland Capmk upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald began coverage on shares of HIVE Digital Technologies in a report on Tuesday, October 29th. They set an “overweight” rating and a $9.00 price objective for the company. B. Riley began coverage on shares of HIVE Digital Technologies in a report on Friday, July 19th. They set a “buy” rating and a $6.00 price objective for the company. Finally, HC Wainwright raised shares of HIVE Digital Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $4.00 to $5.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.25.

HIVE Digital Technologies Profile

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.