Key Points
- Director Dave Perrill sold 12,500 HIVE shares at an average price of $2.75, generating $34,375. This follows his sale of 100,000 shares for $272,000 in August.
- HIVE shares opened at $2.56, well below their 12-month high of $7.84. The company recently reported a quarterly loss of $0.54 per share and revenue of $79.12 million, missing analyst expectations.
- Despite weak financial results, analysts maintain a “Moderate Buy” consensus with an average price target of $6.95; institutional investors own 24.42% of the stock.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Get Free Report) Director Dave Perrill sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $2.75, for a total transaction of $34,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dave Perrill also recently made the following trade(s):
- On Wednesday, August 19th, Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock. The shares were sold at an average price of $2.72, for a total transaction of $272,000.00.
HIVE Digital Technologies Price Performance
Shares of HIVE opened at $2.56 on Friday. HIVE Digital Technologies Ltd. has a twelve month low of $1.73 and a twelve month high of $7.84. The firm's fifty day simple moving average is $2.95 and its 200-day simple moving average is $3.07. The firm has a market capitalization of $703.41 million, a price-to-earnings ratio of -1.98 and a beta of 3.76. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.85.
HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.33). The firm had revenue of $79.12 million for the quarter, compared to analyst estimates of $81.72 million. HIVE Digital Technologies had a negative return on equity of 31.98% and a negative net margin of 98.49%.During the same quarter in the previous year, the firm posted $0.18 EPS. Equities analysts forecast that HIVE Digital Technologies Ltd. will post -0.61 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
HIVE has been the subject of several analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $10.00 price objective on shares of HIVE Digital Technologies in a research report on Tuesday, August 18th. Chardan Capital reissued a "buy" rating and set a $7.50 target price on shares of HIVE Digital Technologies in a research report on Wednesday, September 16th. Rosenblatt Securities boosted their target price on HIVE Digital Technologies from $5.50 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Wall Street Zen downgraded HIVE Digital Technologies from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of HIVE Digital Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $6.95.
View Our Latest Report on HIVE Digital Technologies
Institutional Investors Weigh In On HIVE Digital Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd grew its holdings in shares of HIVE Digital Technologies by 458.9% during the second quarter. WINTON GROUP Ltd now owns 59,800 shares of the company's stock worth $218,000 after purchasing an additional 49,100 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of HIVE Digital Technologies in the 2nd quarter valued at about $628,000. Integrated Wealth Concepts LLC purchased a new stake in shares of HIVE Digital Technologies in the 2nd quarter valued at about $130,000. Situational Awareness LP lifted its holdings in shares of HIVE Digital Technologies by 169.3% in the 2nd quarter. Situational Awareness LP now owns 9,133,726 shares of the company's stock valued at $33,247,000 after purchasing an additional 5,742,179 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of HIVE Digital Technologies by 35.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,476 shares of the company's stock valued at $64,000 after purchasing an additional 4,877 shares during the period. 24.42% of the stock is owned by hedge funds and other institutional investors.
About HIVE Digital Technologies
(
Get Free Report)
HIVE Digital Technologies Ltd. is a digital-asset and data-center infrastructure company focused primarily on the mining of Bitcoin. The company operates specialized computing facilities designed to support energy-intensive digital-asset mining and has also been developing capabilities for high-performance computing and artificial-intelligence applications.
HIVE was founded in 2017 and was formerly known as HIVE Blockchain Technologies Ltd. Its operations have historically included data centers in Canada, Sweden and Iceland, and the company has expanded its infrastructure footprint internationally, including through development activities in Paraguay.
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