Plancorp LLC Purchases 9,500 Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Plancorp LLC increased its position in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) by 90.5% during the 4th quarter, Holdings Channel reports. The fund owned 20,000 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Plancorp LLC’s holdings in HIVE Digital Technologies were worth $57,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd bought a new position in HIVE Digital Technologies during the 3rd quarter worth approximately $50,000. Lifeworks Advisors LLC raised its holdings in HIVE Digital Technologies by 46.2% during the 4th quarter. Lifeworks Advisors LLC now owns 16,307 shares of the company’s stock worth $46,000 after buying an additional 5,152 shares during the period. Tobam raised its holdings in HIVE Digital Technologies by 198.6% during the 4th quarter. Tobam now owns 19,060 shares of the company’s stock worth $54,000 after buying an additional 12,676 shares during the period. SBI Securities Co. Ltd. acquired a new stake in HIVE Digital Technologies during the 4th quarter worth approximately $70,000. Finally, Gladstone Institutional Advisory LLC raised its holdings in HIVE Digital Technologies by 114.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 30,025 shares of the company’s stock worth $86,000 after buying an additional 16,000 shares during the period. Institutional investors own 24.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HIVE shares. Roth Mkm started coverage on shares of HIVE Digital Technologies in a report on Thursday, December 19th. They set a “buy” rating and a $7.50 target price on the stock. Cantor Fitzgerald dropped their target price on shares of HIVE Digital Technologies from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. StockNews.com upgraded shares of HIVE Digital Technologies to a “sell” rating in a report on Tuesday, January 14th. HC Wainwright restated a “buy” rating and set a $10.00 target price (up from $8.00) on shares of HIVE Digital Technologies in a report on Thursday, February 13th. Finally, Roth Capital upgraded shares of HIVE Digital Technologies to a “strong-buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $7.64.

HIVE Digital Technologies Price Performance

Shares of HIVE opened at $1.66 on Friday. The company has a market cap of $262.43 million, a price-to-earnings ratio of -33.20 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’s fifty day simple moving average is $2.50 and its 200 day simple moving average is $3.18. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.03.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Tuesday, February 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. HIVE Digital Technologies had a negative net margin of 5.45% and a negative return on equity of 8.95%. On average, 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.