Cantor Fitzgerald L. P. Has $818,000 Stock Position in Cipher Mining Inc. (NASDAQ:CIFR)

Cantor Fitzgerald L. P. cut its stake in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 66.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,001 shares of the company's stock after selling 346,999 shares during the period. Cantor Fitzgerald L. P. owned approximately 0.05% of Cipher Mining worth $818,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Voya Investment Management LLC boosted its holdings in shares of Cipher Mining by 3.6% in the fourth quarter. Voya Investment Management LLC now owns 59,135 shares of the company's stock worth $274,000 after buying an additional 2,036 shares during the period. Xponance Inc. boosted its stake in Cipher Mining by 17.8% in the 4th quarter. Xponance Inc. now owns 14,151 shares of the company's stock worth $66,000 after purchasing an additional 2,140 shares during the period. Russell Investments Group Ltd. grew its position in Cipher Mining by 17.4% during the 4th quarter. Russell Investments Group Ltd. now owns 14,524 shares of the company's stock worth $67,000 after purchasing an additional 2,149 shares in the last quarter. Tobam lifted its holdings in shares of Cipher Mining by 22.7% in the fourth quarter. Tobam now owns 18,023 shares of the company's stock valued at $84,000 after purchasing an additional 3,336 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Cipher Mining by 14.4% in the fourth quarter. Victory Capital Management Inc. now owns 29,747 shares of the company's stock worth $138,000 after buying an additional 3,751 shares during the period. 12.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CIFR. HC Wainwright reissued a "buy" rating on shares of Cipher Mining in a research report on Tuesday. Keefe, Bruyette & Woods started coverage on shares of Cipher Mining in a research report on Wednesday, January 8th. They issued an "outperform" rating for the company. Needham & Company LLC lowered 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 report on Wednesday, February 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $5.50 price objective on shares of Cipher Mining in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut shares of Cipher Mining from an "overweight" rating to a "neutral" rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $8.03.

Cipher Mining Stock Up 3.3 %

Shares of NASDAQ:CIFR traded up $0.10 on Thursday, reaching $3.12. The company had a trading volume of 19,218,894 shares, compared to its average volume of 11,144,301. The stock has a market capitalization of $1.16 billion, a P/E ratio of -24.00 and a beta of 2.61. The stock has a 50-day moving average price of $2.83 and a 200 day moving average price of $4.74. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $7.99. 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 (NASDAQ:CIFR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). Cipher Mining had a negative return on equity of 8.29% and a negative net margin of 33.39%. The firm had revenue of $48.96 million during the quarter, compared to analysts' expectations of $53.57 million. On average, equities analysts expect that Cipher Mining Inc. will post -0.31 EPS for the current year.

Cipher Mining Profile

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.