Dimensional Fund Advisors LP cut its position in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,788,147 shares of the company's stock after selling 383,509 shares during the quarter. Dimensional Fund Advisors LP owned about 0.51% of Cipher Mining worth $8,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Xponance Inc. raised its holdings in Cipher Mining by 17.8% in the fourth quarter. Xponance Inc. now owns 14,151 shares of the company's stock worth $66,000 after buying an additional 2,140 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cipher Mining by 17.4% in the fourth quarter. Russell Investments Group Ltd. now owns 14,524 shares of the company's stock valued at $67,000 after acquiring an additional 2,149 shares during the period. Tobam grew 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 worth $84,000 after purchasing an additional 3,336 shares during the last quarter. Victory Capital Management Inc. grew its position in Cipher Mining by 14.4% during the 4th quarter. Victory Capital Management Inc. now owns 29,747 shares of the company's stock worth $138,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Navellier & Associates Inc. grew its position in Cipher Mining by 11.6% during the 4th quarter. Navellier & Associates Inc. now owns 36,274 shares of the company's stock worth $168,000 after purchasing an additional 3,756 shares during the last quarter. Hedge funds and other institutional investors own 12.26% of the company's stock.
Cipher Mining Price Performance
CIFR stock traded down $0.12 during mid-day trading on Thursday, hitting $3.20. The company had a trading volume of 8,746,842 shares, compared to its average volume of 11,375,685. 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 has a market capitalization of $1.19 billion, a price-to-earnings ratio of -24.58 and a beta of 2.61. The company has a 50-day moving average price of $2.77 and a 200 day moving average price of $4.66.
Cipher Mining (NASDAQ:CIFR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Cipher Mining had a negative net margin of 33.39% and a negative return on equity of 8.29%. The business had revenue of $48.96 million during the quarter, compared to the consensus estimate of $53.57 million. On average, research analysts anticipate that Cipher Mining Inc. will post -0.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. HC Wainwright reissued a "buy" rating on shares of Cipher Mining in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered Cipher Mining from an "overweight" rating to a "neutral" rating in a research report on Thursday, March 13th. Needham & Company LLC dropped their target price on Cipher Mining from $7.50 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Cantor Fitzgerald decreased their price target on Cipher Mining from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $8.00 price objective on shares of Cipher Mining in a report on Thursday, May 8th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $8.03.
Read Our Latest Stock Analysis on Cipher Mining
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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