Chesapeake Capital Corp IL Buys New Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Chesapeake Capital Corp IL bought a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,850 shares of the company’s stock, valued at approximately $94,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its position in HIVE Digital Technologies by 17.9% in the 4th quarter. Van ECK Associates Corp now owns 4,562,489 shares of the company’s stock valued at $13,003,000 after buying an additional 692,799 shares during the last quarter. State Street Corp increased 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 worth $10,060,000 after purchasing an additional 91,056 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HIVE Digital Technologies by 126.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 736,287 shares of the company’s stock worth $2,098,000 after purchasing an additional 411,071 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of HIVE Digital Technologies during the 4th quarter worth approximately $2,058,000. Finally, XTX Topco Ltd acquired a new position in shares of HIVE Digital Technologies during the 3rd quarter worth approximately $463,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HIVE shares. Roth Mkm started coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They set a “buy” rating and a $7.50 price target on the stock. Rosenblatt Securities started coverage on HIVE Digital Technologies in a research report on Friday, March 7th. They set a “buy” rating and a $6.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target (up previously from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. Roth Capital upgraded HIVE Digital Technologies to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded HIVE Digital Technologies to a “sell” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, HIVE Digital Technologies presently has an average rating of “Buy” and a consensus price target of $7.64.

HIVE Digital Technologies Stock Performance

HIVE opened at $1.62 on Wednesday. The business has a fifty day simple moving average of $2.58 and a 200 day simple moving average of $3.21. The company has a market capitalization of $256.11 million, a PE ratio of -32.40 and a beta of 3.51. HIVE Digital Technologies Ltd. has a 1 year low of $1.61 and a 1 year high of $5.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.41 and a quick ratio of 10.41.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. HIVE Digital Technologies had a negative return on equity of 8.95% and a negative net margin of 5.45%. Research analysts expect that HIVE Digital Technologies Ltd. will post -0.32 EPS for the current year.

HIVE Digital Technologies Company 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.