In a report released today, Bill Papanastasiou from Stifel Nicolaus maintained a Buy rating on HIVE Blockchain Technologies (HIVE – Research Report), with a price target of $9.00. The company’s shares opened today at $4.33.
Papanastasiou covers the Financial sector, focusing on stocks such as TeraWulf Inc, HIVE Blockchain Technologies, and Bitfarms. According to TipRanks, Papanastasiou has an average return of 59.6% and a 64.71% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HIVE Blockchain Technologies with a $6.17 average price target.
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Based on HIVE Blockchain Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.77 thousand and a GAAP net loss of $24.55 thousand. In comparison, last year the company earned a revenue of $29.6 thousand and had a GAAP net loss of $33.66 thousand
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HIVE in relation to earlier this year.
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HIVE Blockchain Technologies (HIVE) Company Description:
HIVE Blockchain Technologies Ltd. engages in building a bridge from the blockchain sector to traditional capital markets. It also involves in the production of mined cryptocurrency like Ethereum around the clock. Its project include Iceland Cryptocurrency Mining. The company was founded on June 24, 1987 and is headquartered in Vancouver, Canada.
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