Generali Investments CEE investicni spolecnost a.s. Takes Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 722,110 shares of the company’s stock, valued at approximately $2,058,000.

Several other hedge funds have also modified their holdings of HIVE. Lifeworks Advisors LLC acquired a new position in HIVE Digital Technologies during the third quarter valued at $35,000. Charles Schwab Investment Management Inc. raised its position in HIVE Digital Technologies by 48.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company’s stock valued at $1,018,000 after buying an additional 106,103 shares during the period. Centiva Capital LP acquired a new position in HIVE Digital Technologies during the third quarter valued at $235,000. Quadrature Capital Ltd acquired a new position in HIVE Digital Technologies during the third quarter valued at $50,000. Finally, State Street Corp raised its position in HIVE Digital Technologies by 2.9% during the third quarter. State Street Corp now owns 3,214,101 shares of the company’s stock valued at $10,060,000 after buying an additional 91,056 shares during the period. 24.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HIVE has been the topic of several recent analyst reports. Northland Securities upped their price target on HIVE Digital Technologies from $5.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group upped their target price on HIVE Digital Technologies from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 target price (up from $8.00) on shares of HIVE Digital Technologies in a research report on Thursday, February 13th. Keefe, Bruyette & Woods initiated coverage on HIVE Digital Technologies in a research report on Wednesday, January 8th. They issued an “outperform” rating on the stock. Finally, Roth Mkm initiated coverage on HIVE Digital Technologies in a research report on Thursday, December 19th. They issued a “buy” rating and a $7.50 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $7.79.

HIVE Digital Technologies Stock Performance

HIVE opened at $2.00 on Friday. The company has a market cap of $313.22 million, a PE ratio of -40.00 and a beta of 3.51. The stock has a 50-day moving average of $2.77 and a 200-day moving average of $3.29. HIVE Digital Technologies Ltd. has a 52-week low of $1.78 and a 52-week high of $5.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.41 and a current 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, topping 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%. As a group, equities research analysts forecast that HIVE Digital Technologies Ltd. will post -0.32 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.