Stifel Nicolaus analyst Bill Papanastasiou maintained a Buy rating on HIVE Blockchain Technologies (HIVE – Research Report) today and set a price target of $9.00. The company’s shares closed yesterday at $3.62.
According to TipRanks, Papanastasiou is ranked #591 out of 8667 analysts.
HIVE Blockchain Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $6.25.
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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 33 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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