Two Sigma Investments LP Acquires 682,940 Shares of Cipher Mining Inc. (NASDAQ:CIFR)

Two Sigma Investments LP increased its stake in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,857,401 shares of the company's stock after purchasing an additional 682,940 shares during the quarter. Two Sigma Investments LP owned about 0.82% of Cipher Mining worth $13,258,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in Cipher Mining by 912.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,027 shares of the company's stock valued at $28,000 after acquiring an additional 5,432 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Cipher Mining in the 4th quarter valued at about $29,000. KBC Group NV acquired a new stake in Cipher Mining in the 4th quarter valued at about $46,000. Apollon Wealth Management LLC purchased a new stake in Cipher Mining during the fourth quarter valued at about $49,000. Finally, Rafferty Asset Management LLC purchased a new stake in Cipher Mining during the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 12.26% of the company's stock.

Cipher Mining Stock Down 1.0%

Shares of CIFR traded down $0.04 on Thursday, hitting $3.32. The company's stock had a trading volume of 8,222,214 shares, compared to its average volume of 12,039,866. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.01. The firm's fifty day moving average price is $2.87 and its 200-day moving average price is $4.51. Cipher Mining Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $7.99. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -25.64 and a beta of 2.61.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Cipher Mining had a negative return on equity of 8.29% and a negative net margin of 33.39%. The company had revenue of $48.96 million during the quarter, compared to the consensus estimate of $53.57 million. On average, equities research analysts expect that Cipher Mining Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CIFR shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Cipher Mining in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered shares of Cipher Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, March 13th. HC Wainwright reiterated a "buy" rating on shares of Cipher Mining in a report on Tuesday, May 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $5.50 target price on shares of Cipher Mining in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald cut their target price on shares of Cipher Mining from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $8.03.

Cipher Mining Company 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.