Virtu Financial LLC Buys 60,524 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Virtu Financial LLC grew its position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 527.9% in the 3rd quarter, Holdings Channel reports. The firm owned 71,990 shares of the company’s stock after acquiring an additional 60,524 shares during the quarter. Virtu Financial LLC’s holdings in HIVE Digital Technologies were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HIVE. Van ECK Associates Corp raised 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 buying an additional 1,018,231 shares during the last quarter. XTX Topco Ltd bought a new position in shares of HIVE Digital Technologies in the 3rd quarter worth about $463,000. Charles Schwab Investment Management Inc. lifted its stake in shares of HIVE Digital Technologies by 48.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company’s stock valued at $1,018,000 after purchasing an additional 106,103 shares during the period. State Street Corp boosted its position in shares of HIVE Digital Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 3,214,101 shares of the company’s stock valued at $10,060,000 after purchasing an additional 91,056 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in HIVE Digital Technologies during the third quarter worth approximately $235,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group increased their price target on HIVE Digital Technologies from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Northland Securities raised their price target on shares of HIVE Digital Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 price objective on shares of HIVE Digital Technologies in a report on Tuesday, November 19th. StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Northland Capmk raised HIVE Digital Technologies to a “strong-buy” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, HIVE Digital Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $7.40.

HIVE Digital Technologies Price Performance

Shares of NASDAQ HIVE opened at $3.40 on Thursday. The stock has a market cap of $457.73 million, a price-to-earnings ratio of -24.28 and a beta of 3.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56. HIVE Digital Technologies Ltd. has a fifty-two week low of $2.18 and a fifty-two week high of $5.74. The firm’s 50-day simple moving average is $3.97 and its 200 day simple moving average is $3.46.

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

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.