2 weeks Ago By ABMN Staff
Cipher Mining ( NASDAQ:CIFR – Get Free Report ) ‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a report issued on Thursday, Benzinga reports. They presently have a $7.00 price objective on the stock.
Canaccord Genuity Group’s target price points to a potential upside of 99.43% from the company’s current price. Several other research firms have also commented on CIFR.
HC Wainwright raised their price objective on shares of Cipher Mining from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.
Stifel Canada upgraded shares of Cipher Mining to a “strong-buy” rating in a research note on Tuesday, August 6th. Cantor Fitzgerald assumed coverage on shares of Cipher Mining in a research note on Tuesday, June 11th. They issued an “overweight” rating and a $9.
00 price target for the company. Needham & Company LLC lifted their price target on shares of Cipher Mining from $5.00 to $7.
50 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Compass Point lifted their price target on shares of Cipher Mining from $7.50 to $9.
00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $7.
42. Read Our Latest Research Report on Cipher Mining Cipher Mining Trading Down 2.2 % Cipher Mining ( NASDAQ:CIFR – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 13th.
The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05).
Cipher Mining had a net margin of 13.54% and a return on equity of 4.66%.
The business had revenue of $36.81 million during the quarter, compared to analyst estimates of $39.17 million.
During the same quarter last year, the firm posted ($0.05) earnings per share. Insiders Place Their Bets In other Cipher Mining news, major shareholder Top Holdco B.
V. Bitfury sold 609,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $6.
23, for a total transaction of $3,798,082.12. Following the sale, the insider now owns 109,911,187 shares of the company’s stock, valued at $684,746,695.
01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Over the last quarter, insiders have sold 4,412,433 shares of company stock valued at $20,785,281.
2.25% of the stock is owned by corporate insiders. Institutional Trading of Cipher Mining Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.
First Financial Bankshares Inc acquired a new stake in Cipher Mining during the fourth quarter worth approximately $9,901,000. Vanguard Group Inc. raised its holdings in Cipher Mining by 62.
0% during the first quarter. Vanguard Group Inc. now owns 5,657,019 shares of the company’s stock worth $29,134,000 after purchasing an additional 2,164,383 shares in the last quarter.
Van ECK Associates Corp raised its holdings in Cipher Mining by 38.9% during the first quarter. Van ECK Associates Corp now owns 2,733,743 shares of the company’s stock worth $14,079,000 after purchasing an additional 765,238 shares in the last quarter.
Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Cipher Mining by 30.
4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd.
now owns 47,148 shares of the company’s stock valued at $185,000 after acquiring an additional 10,998 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Cipher Mining by 27.0% in the 1st quarter.
Swiss National Bank now owns 125,600 shares of the company’s stock valued at $647,000 after acquiring an additional 26,700 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.
About Cipher Mining ( Get Free Report ) Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.
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