H.C. Wainwright Reaffirms Their Buy Rating on HIVE Blockchain Technologies (HIVE)

In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on HIVE Blockchain Technologies (HIVEResearch Report), with a price target of $5.00. The company’s shares closed last Friday at $2.64.

According to TipRanks.com, Dede is a 4-star analyst with an average return of 10.7% and a 42.1% success rate. Dede covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, Mawson Infrastructure Group, and Voyager Digital (Canada).

Currently, the analyst consensus on HIVE Blockchain Technologies is a Moderate Buy with an average price target of $5.00.

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HIVE Blockchain Technologies’ market cap is currently $1.02B and has a P/E ratio of 8.93.

Based on the recent corporate insider activity of 60 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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