HIVE Digital Technologies (HIVE)

• Market cap: $413M
• 1 day: 1.59%
• 5 days: 9.97%
• 1 month: -16.67%
• 3 months: -3.03%
• 6 months: -20.79%
• Year to date: 3.56%
• 1 year: -6.98%
• 5 years: -78.31%
• 10 years: -78.31%

About: HIVE Digital Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.

Employees: 20

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

314% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 7

169% more call options, than puts

Call options by funds: $5.8M | Put options by funds: $2.16M

31% more funds holding

Funds holding: 68 [Q2] → 89 (+21) [Q3]

2% more capital invested

Capital invested by funds: $86.8M [Q2] → $88.5M (+$1.64M) [Q3]

0.79% less ownership

Funds ownership: 24.07% [Q2] → 23.28% (-0.79%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 21

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7 119% upside
• Avg. target: $7.70 141% upside
• High target: $9 181% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

Roth MKM Darren Aftahi 59% 1-year accuracy 16 / 27 met price target	134% upside $7.50	Buy Initiated	19 Dec 2024
HC Wainwright & Co. Mike Colonnese 57% 1-year accuracy 35 / 61 met price target	150% upside $8	Buy Reiterated	3 Dec 2024
Cantor Fitzgerald Brett Knoblauch 69% 1-year accuracy 55 / 80 met price target	181% upside $9	Overweight Reiterated	19 Nov 2024
Northland Capital Markets Mike Grondahl 63% 1-year accuracy 27 / 43 met price target	119% upside $7	Outperform Maintained	14 Nov 2024
Canaccord Genuity Joseph Vafi 61% 1-year accuracy 51 / 83 met price target	119% upside $7	Buy Maintained	14 Nov 2024