BTG Pactual Asset Management US LLC Buys Shares of 750,000 HIVE Digital Technologies Ltd. $HIVE

BTG Pactual Asset Management US LLC purchased a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 750,000 shares of the company’s stock, valued at approximately $2,730,000. BTG Pactual Asset Management US LLC owned about 0.27% of HIVE Digital Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HIVE. NewEdge Advisors LLC grew its position in HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after acquiring an additional 9,429 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of HIVE Digital Technologies in the first quarter worth about $27,000. Ground Swell Capital LLC acquired a new stake in shares of HIVE Digital Technologies in the 4th quarter valued at approximately $27,000. Rafferty Asset Management LLC acquired a new stake in shares of HIVE Digital Technologies in the 4th quarter valued at approximately $28,000. Finally, State of Wyoming bought a new stake in shares of HIVE Digital Technologies during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

Wall Street Analysts Forecast Growth

HIVE has been the topic of a number of research reports. Chardan Capital restated a “buy” rating and set a $7.50 price objective on shares of HIVE Digital Technologies in a research report on Monday, August 17th. HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of HIVE Digital Technologies in a research report on Monday, August 17th. Wall Street Zen lowered HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Rosenblatt Securities increased their price objective on HIVE Digital Technologies from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a research report on Tuesday, August 18th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.95.

HIVE Digital Technologies Stock Performance

NASDAQ HIVE opened at $2.78 on Monday. The company has a fifty day moving average price of $3.15 and a 200-day moving average price of $2.89. The firm has a market cap of $762.49 million, a price-to-earnings ratio of -2.16 and a beta of 3.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.96. HIVE Digital Technologies Ltd. has a 1 year low of $1.73 and a 1 year high of $7.84.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its earnings results on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.33). The firm had revenue of $79.12 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.18 EPS. As a group, equities research analysts predict that HIVE Digital Technologies Ltd. will post -0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $2.72, for a total transaction of $272,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan B. Mcgee sold 125,000 shares of the firm’s stock in a transaction on Friday, June 19th. The stock was sold at an average price of $4.25, for a total value of $531,250.00. Following the completion of the sale, the director directly owned 125,000 shares of the company’s stock, valued at $531,250. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 781,700 shares of company stock valued at $3,209,876. Company insiders own 9.44% of the company’s stock.

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.