UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 71.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,594 shares of the company's stock after buying an additional 153,921 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.11% of Cipher Mining worth $1,720,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. V3 Holding Ltd acquired a new position in shares of Cipher Mining in the 4th quarter valued at $452,713,000. Vanguard Group Inc. increased its position in shares of Cipher Mining by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 18,172,080 shares of the company's stock worth $84,318,000 after acquiring an additional 1,189,756 shares in the last quarter. Invesco Ltd. increased its position in shares of Cipher Mining by 16.7% in the fourth quarter. Invesco Ltd. now owns 6,443,723 shares of the company's stock worth $29,899,000 after acquiring an additional 924,262 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cipher Mining by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 5,727,990 shares of the company's stock worth $26,583,000 after acquiring an additional 218,137 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Cipher Mining by 29.4% in the fourth quarter. Vident Advisory LLC now owns 4,250,078 shares of the company's stock worth $19,720,000 after acquiring an additional 965,648 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company's stock.
Cipher Mining Trading Up 0.5%
Shares of NASDAQ CIFR traded up $0.02 during mid-day trading on Wednesday, hitting $4.08. The company's stock had a trading volume of 23,837,269 shares, compared to its average volume of 12,689,770. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -31.38 and a beta of 2.58. The company's fifty day simple moving average is $3.09 and its 200-day simple moving average is $4.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57. Cipher Mining Inc. has a one year low of $1.86 and a one year high of $7.99.
Cipher Mining (NASDAQ:CIFR - Get Free Report) last posted 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). 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%. On average, sell-side analysts anticipate that Cipher Mining Inc. will post -0.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. HC Wainwright reissued a "buy" rating on shares of Cipher Mining in a research report on Tuesday, May 6th. Cantor Fitzgerald upped their target price on shares of Cipher Mining from $4.00 to $6.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. downgraded shares of Cipher Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, March 13th. Rosenblatt Securities restated a "buy" rating and issued a $5.50 target price on shares of Cipher Mining in a research note on Wednesday, May 7th. Finally, Needham & Company LLC decreased their target price on shares of Cipher Mining from $7.50 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One research 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 stock. Based on data from MarketBeat.com, Cipher Mining presently has an average rating of "Buy" and a consensus price target of $7.63.
Get Our Latest Stock Analysis on CIFR
About Cipher Mining
(
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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