Sloy Dahl & Holst LLC Takes $41,000 Position in HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Sloy Dahl & Holst LLC purchased a new stake in shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,267 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chesapeake Capital Corp IL acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at approximately $92,000. Van ECK Associates Corp raised its position in shares of HIVE Digital Technologies by 39.8% during the 4th quarter. Van ECK Associates Corp now owns 1,843,702 shares of the company’s stock valued at $8,352,000 after acquiring an additional 524,613 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of HIVE Digital Technologies by 6.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 914,308 shares of the company’s stock valued at $4,133,000 after acquiring an additional 54,615 shares in the last quarter. Scotia Capital Inc. acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at approximately $64,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at approximately $458,000. 24.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com raised HIVE Digital Technologies to a “sell” rating in a research report on Sunday, June 9th. HC Wainwright restated a “neutral” rating and set a $3.50 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, June 26th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $6.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, June 26th.

HIVE Digital Technologies Stock Performance

HIVE traded down $0.11 during trading on Wednesday, reaching $3.03. 1,123,590 shares of the company were exchanged, compared to its average volume of 3,139,866. The stock has a market cap of $354.76 million, a P/E ratio of -5.32 and a beta of 3.51. The firm has a 50 day moving average of $2.77 and a 200 day moving average of $3.31. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.07. HIVE Digital Technologies Ltd. has a 52 week low of $2.18 and a 52 week high of $6.84.

HIVE Digital Technologies (NASDAQ:HIVE) last released its quarterly earnings results on Monday, June 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.10. HIVE Digital Technologies had a negative return on equity of 28.52% and a negative net margin of 44.73%. The company had revenue of $36.88 million during the quarter, compared to analysts’ expectations of $39.70 million. On average, sell-side analysts forecast that HIVE Digital Technologies Ltd. will post -0.39 EPS 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.