Global Strategic Investment Solutions LLC Takes Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Global Strategic Investment Solutions LLC acquired a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVEFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors have also modified their holdings of the company. Personal CFO Solutions LLC acquired a new stake in shares of HIVE Digital Technologies in the third quarter valued at $31,000. Golden Green Inc. purchased a new stake in shares of HIVE Digital Technologies during the third quarter valued at $31,000. Captrust Financial Advisors lifted its holdings in shares of HIVE Digital Technologies by 786.9% during the third quarter. Captrust Financial Advisors now owns 10,448 shares of the company’s stock valued at $39,000 after purchasing an additional 9,270 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of HIVE Digital Technologies by 158.7% during the second quarter. Tower Research Capital LLC TRC now owns 11,125 shares of the company’s stock valued at $52,000 after purchasing an additional 6,824 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of HIVE Digital Technologies during the third quarter valued at $44,000. Institutional investors and hedge funds own 13.96% of the company’s stock.

HIVE Digital Technologies Stock Down 2.2 %

Shares of HIVE Digital Technologies stock opened at $3.05 on Friday. The stock has a 50-day moving average price of $3.50 and a 200 day moving average price of $3.47. The company has a market cap of $319.03 million, a P/E ratio of -4.77 and a beta of 3.56. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.11. HIVE Digital Technologies Ltd. has a 1 year low of $2.75 and a 1 year high of $6.84.

HIVE Digital Technologies (NASDAQ:HIVEGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.15. The firm had revenue of $31.25 million during the quarter, compared to the consensus estimate of $27.20 million. HIVE Digital Technologies had a negative return on equity of 34.90% and a negative net margin of 57.15%. As a group, analysts expect that HIVE Digital Technologies Ltd. will post -0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HIVE has been the subject of several analyst reports. HC Wainwright reaffirmed a “neutral” rating and set a $3.50 target price on shares of HIVE Digital Technologies in a report on Wednesday, February 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $6.00 target price on shares of HIVE Digital Technologies in a report on Monday, February 19th. Finally, StockNews.com raised HIVE Digital Technologies to a “sell” rating in a report on Monday, March 18th.

View Our Latest Stock Analysis on HIVE Digital Technologies

About HIVE Digital Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for HIVE Digital Technologies (NASDAQ:HIVE)

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