2 weeks Ago By Defense World Staff
Alliancebernstein L.P. grew its holdings in shares of Cipher Mining Inc.
( NASDAQ:CIFR – Free Report ) by 103.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 202,836 shares of the company’s stock after purchasing an additional 103,276 shares during the quarter.
Alliancebernstein L.P. owned approximately 0.
06% of Cipher Mining worth $941,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also made changes to their positions in CIFR. Nisa Investment Advisors LLC raised its holdings in shares of Cipher Mining by 912.
9% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,027 shares of the company’s stock worth $28,000 after purchasing an additional 5,432 shares during the period. KBC Group NV acquired a new position in Cipher Mining during the 4th quarter worth approximately $46,000.
Apollon Wealth Management LLC purchased a new position in shares of Cipher Mining in the fourth quarter valued at $49,000. FNY Investment Advisers LLC acquired a new position in Cipher Mining in the 4th quarter worth $51,000. Finally, Xponance Inc.
boosted its holdings in Cipher Mining by 17.8% in the fourth quarter. Xponance Inc.
now owns 14,151 shares of the company’s stock valued at $66,000 after purchasing an additional 2,140 shares during the last quarter. Hedge funds and other institutional investors own 12.26% of the company’s stock.
Wall Street Analyst Weigh In A number of research analysts have commented on CIFR shares. Keefe, Bruyette & Woods assumed coverage on shares of Cipher Mining in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock.
Rosenblatt Securities began coverage on shares of Cipher Mining in a report on Friday, March 7th. They issued a “buy” rating and a $6.50 price objective on the stock.
Needham & Company LLC cut their price objective on shares of Cipher Mining from $7.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th.
Cantor Fitzgerald lowered their price target on Cipher Mining from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th.
Finally, HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of Cipher Mining in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock.
According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.13. Cipher Mining Trading Up 1.
7 % Cipher Mining stock opened at $2.37 on Friday. The company has a quick ratio of 2.
57, a current ratio of 2.57 and a debt-to-equity ratio of 0.01.
Cipher Mining Inc. has a 12 month low of $1.86 and a 12 month high of $7.
99. The company’s fifty day simple moving average is $3.44 and its 200-day simple moving average is $4.
86. The stock has a market cap of $871.28 million, a P/E ratio of -18.
23 and a beta of 2.65. Cipher Mining Profile ( 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.V.
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