HIVE Digital Technologies Ltd. $HIVE Shares Bought by UBS Group AG

UBS Group AG boosted its holdings in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 3,992.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 929,390 shares of the company’s stock after purchasing an additional 906,679 shares during the quarter. UBS Group AG’s holdings in HIVE Digital Technologies were worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HIVE. Tidal Investments LLC raised its holdings in shares of HIVE Digital Technologies by 15.4% during the third quarter. Tidal Investments LLC now owns 4,771,312 shares of the company’s stock worth $19,228,000 after purchasing an additional 637,679 shares during the last quarter. Two Sigma Investments LP purchased a new stake in HIVE Digital Technologies in the third quarter valued at $17,584,000. Vident Advisory LLC boosted its holdings in HIVE Digital Technologies by 53.0% in the second quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock valued at $6,780,000 after purchasing an additional 1,305,057 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in HIVE Digital Technologies by 55.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,780,876 shares of the company’s stock worth $11,212,000 after purchasing an additional 987,314 shares during the period. Finally, Geode Capital Management LLC grew its position in HIVE Digital Technologies by 11.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,296,531 shares of the company’s stock worth $2,334,000 after purchasing an additional 128,760 shares during the period. 24.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HIVE has been the subject of several analyst reports. HC Wainwright reissued a “buy” rating on shares of HIVE Digital Technologies in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HIVE Digital Technologies in a report on Monday, May 11th. Cantor Fitzgerald lifted their price target on HIVE Digital Technologies from $3.00 to $4.60 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a report on Friday, April 24th. Finally, B. Riley Financial lowered their price objective on HIVE Digital Technologies from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.34.

HIVE Digital Technologies Stock Up 0.7%

HIVE opened at $4.10 on Wednesday. The company has a fifty day moving average of $2.53 and a two-hundred day moving average of $2.75. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -6.83 and a beta of 3.50. HIVE Digital Technologies Ltd. has a fifty-two week low of $1.60 and a fifty-two week high of $7.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.