Cipher Mining Inc. (NASDAQ:CIFR) Position Lessened by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. lessened its position in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 66.1% during the fourth quarter, according to the company in its most recent 13F filing 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 reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of Cipher Mining by 912.9% in the fourth 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 in the last quarter. NewEdge Advisors LLC bought a new position in Cipher Mining in the 4th quarter valued at about $29,000. KBC Group NV acquired a new position in Cipher Mining during the 4th quarter valued at about $46,000. Apollon Wealth Management LLC acquired a new stake in shares of Cipher Mining in the 4th quarter worth approximately $49,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Cipher Mining in the fourth quarter valued at approximately $51,000. 12.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CIFR has been the subject of a number of research analyst reports. HC Wainwright restated a "buy" rating on shares of Cipher Mining in a research report on Tuesday. Canaccord Genuity Group reaffirmed a "buy" rating and set a $8.00 target price on shares of Cipher Mining in a research note on Thursday. Cantor Fitzgerald lowered their target price on Cipher Mining from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. downgraded shares of Cipher Mining from an "overweight" rating to a "neutral" rating in a report on Thursday, March 13th. Finally, 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 note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $8.03.

Cipher Mining Trading Down 4.5 %

Cipher Mining stock traded down $0.14 during midday trading on Friday, reaching $2.98. The stock had a trading volume of 20,591,513 shares, compared to its average volume of 11,232,216. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $7.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -22.92 and a beta of 2.61. The firm's fifty day simple moving average is $2.80 and its two-hundred day simple moving average is $4.70.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $48.96 million during the quarter, compared to analysts' expectations of $53.57 million. Cipher Mining had a negative return on equity of 8.29% and a negative net margin of 33.39%. Equities analysts anticipate that Cipher Mining Inc. will post -0.31 EPS for the current fiscal 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.