HIVE multiple upgrades today + Institution buys A number of analysts are upgrading their recommendations on HIVE.
Canaccord Genuity upgraded its HIVE price target from$6 to $7 at 11 AM CST
Northland Capital Markets $5.5 => $7.0 @ 12:45 AM
HC Wainwright & Co. $5 => $8 @ 1:15 AM
There have been even higher price targets:
Cantor Fitzgerald assumed coverage on shares of HIVE Digital Technologies in a research note on Tuesday, October 29th. They set an "overweight" rating and a $9.00 price target on the stock
This morning Canaccord Genuity Group raised its previous "buy" rating issued on August 21, 2024, of a $6.00 price target on shares of HIVE Digital Technologies to a price target of $7.
HIVE Digital Technologies (NASDAQ: HIVE)
Given New $7.00 Price Target at Canaccord Genuity Group
HIVE had its target price lifted by equities research analysts at Canaccord Genuity Group from $6.00 to $7.00 in a report released on Thursday 11/14/24.
HIVE traded down $0.28 during mid-day trading on Thursday, reaching $4.39. The company had a trading volume of 1,712,411 shares, compared to its average volume of 3,541,612. The stock's 50-day simple moving average is $3.47 and its 200-day simple moving average is $3.19. HIVE Digital Technologies has a 1 year low of $2.18 and a 1 year high of $5.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.35 and a quick ratio of 7.35. The company has a market capitalization of $545.81 million, a P/E ratio of -31.35 and a beta of 3.43.
A number of institutional investors have recently added to their stakes in HIVE.
Van ECK Associates Corp grew its holdings in shares of HIVE Digital Technologies by 35.4% during the 2nd quarter. Van ECK Associates Corp now owns 3,894,605 shares of the company's stock worth $11,995,000 after purchasing an additional 1,018,231 shares during the period. Vident Advisory LLC lifted its position in HIVE Digital Technologies by 78.6% during the first quarter. Vident Advisory LLC now owns 1,737,308 shares of the company's stock valued at $5,856,000 after buying an additional 764,387 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HIVE Digital Technologies by 48.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 325,216 shares of the company's stock worth $1,018,000 after acquiring an additional 106,103 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in shares of HIVE Digital Technologies by 202.4% in the 2nd quarter. Impact Partnership Wealth LLC now owns 48,945 shares of the company's stock valued at $151,000 after acquiring an additional 32,760 shares during the period. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of HIVE Digital Technologies during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 24.42% of the company's stock.
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 and Bitcoin. It is also involved in AI. HIVE operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.