Mirae Asset Global Investments Co. Ltd. Acquires 54,615 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 914,308 shares of the company’s stock after acquiring an additional 54,615 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.98% of HIVE Digital Technologies worth $4,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIVE. GSA Capital Partners LLP bought a new position in shares of HIVE Digital Technologies in the fourth quarter valued at approximately $29,000. Personal CFO Solutions LLC bought a new position in shares of HIVE Digital Technologies in the third quarter valued at approximately $31,000. Golden Green Inc. bought a new position in shares of HIVE Digital Technologies in the third quarter valued at approximately $31,000. Captrust Financial Advisors raised its position in shares of HIVE Digital Technologies by 786.9% in 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 period. Finally, XTX Topco Ltd bought a new position in shares of HIVE Digital Technologies in the first quarter valued at approximately $44,000. Institutional investors own 24.42% of the company’s stock.

HIVE Digital Technologies Trading Down 6.1 %

Shares of HIVE Digital Technologies stock opened at $2.68 on Tuesday. The company’s fifty day simple moving average is $3.46 and its 200-day simple moving average is $3.48. The company has a market cap of $286.31 million, a price-to-earnings ratio of -4.18 and a beta of 3.51. 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 $2.65 and a 1 year high of $6.84.

HIVE Digital Technologies (NASDAQ:HIVE) 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. HIVE Digital Technologies had a negative net margin of 57.15% and a negative return on equity of 34.90%. The business had revenue of $31.25 million for the quarter, compared to the consensus estimate of $27.20 million. As a group, sell-side analysts expect that HIVE Digital Technologies Ltd. will post -0.51 EPS for the current year.

Analyst Upgrades and Downgrades

HIVE has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $6.00 price target on shares of HIVE Digital Technologies in a research report on Thursday, March 28th. HC Wainwright restated a “neutral” rating and issued a $3.50 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded shares of HIVE Digital Technologies to a “sell” rating in a research note on Monday, March 18th.

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.