15,300 Shares in Cipher Mining Inc. (NASDAQ:CIFR) Purchased by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in shares of Cipher Mining Inc. (NASDAQ:CIFR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,300 shares of the company’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System purchased a new position in shares of Cipher Mining during the third quarter valued at approximately $33,000. Jump Financial LLC purchased a new position in Cipher Mining during the 3rd quarter valued at $244,000. Barclays PLC raised its holdings in Cipher Mining by 93.4% in the 3rd quarter. Barclays PLC now owns 15,982 shares of the company’s stock worth $37,000 after purchasing an additional 7,720 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Cipher Mining by 104.9% in the 3rd quarter. New York State Common Retirement Fund now owns 10,921 shares of the company’s stock worth $25,000 after purchasing an additional 5,592 shares during the period. Finally, Swiss National Bank bought a new stake in shares of Cipher Mining during the 3rd quarter valued at about $255,000. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Stock Down 7.9 %

Shares of NASDAQ:CIFR opened at $3.72 on Wednesday. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $3.47. Cipher Mining Inc. has a 12-month low of $1.76 and a 12-month high of $5.75. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -37.20 and a beta of 2.21.

Cipher Mining (NASDAQ:CIFR) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. Cipher Mining had a negative return on equity of 6.78% and a negative net margin of 20.32%. The firm had revenue of $43.42 million during the quarter, compared to analyst estimates of $35.73 million. On average, research analysts anticipate that Cipher Mining Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CIFR shares. HC Wainwright reissued a “buy” rating and issued a $4.50 price target on shares of Cipher Mining in a research note on Tuesday, March 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $5.50 price target on shares of Cipher Mining in a research note on Thursday, March 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of Cipher Mining in a research report on Thursday, March 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Cipher Mining in a research report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.25.

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.