Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC lifted its stake in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIGGet Rating) by 130.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,183,354 shares of the company’s stock after purchasing an additional 670,252 shares during the period. Toroso Investments LLC owned 2.45% of Stronghold Digital Mining worth $6,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new position in shares of Stronghold Digital Mining during the 4th quarter worth approximately $55,000. New York State Common Retirement Fund acquired a new position in Stronghold Digital Mining in the first quarter valued at approximately $33,000. Penserra Capital Management LLC acquired a new position in Stronghold Digital Mining in the first quarter valued at approximately $48,000. Gratia Capital LLC acquired a new position in Stronghold Digital Mining in the fourth quarter valued at approximately $128,000. Finally, Laidlaw Wealth Management LLC acquired a new position in Stronghold Digital Mining in the first quarter valued at approximately $82,000. 12.37% of the stock is currently owned by institutional investors and hedge funds.

Stronghold Digital Mining Stock Performance

Stronghold Digital Mining stock opened at $1.48 on Thursday. Stronghold Digital Mining, Inc. has a twelve month low of $1.27 and a twelve month high of $35.80. The stock’s fifty day simple moving average is $2.14 and its 200-day simple moving average is $3.97. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.27.

Stronghold Digital Mining (NASDAQ:SDIGGet Rating) last posted its quarterly earnings data on Tuesday, August 16th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. On average, analysts expect that Stronghold Digital Mining, Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SDIG. Cowen cut Stronghold Digital Mining from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $11.00 to $2.25 in a report on Wednesday, August 17th. HC Wainwright began coverage on Stronghold Digital Mining in a report on Tuesday, September 6th. They issued a “buy” rating and a $3.00 price objective on the stock. Cowen cut Stronghold Digital Mining from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $11.00 to $2.25 in a report on Thursday, August 18th. B. Riley cut their target price on Stronghold Digital Mining from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, August 17th. Finally, Compass Point cut their target price on Stronghold Digital Mining from $16.00 to $8.00 in a research report on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stronghold Digital Mining currently has an average rating of “Moderate Buy” and an average target price of $4.42.

Stronghold Digital Mining Profile

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Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities. The company was incorporated in 2021 and is headquartered in New York, New York.

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Institutional Ownership by Quarter for Stronghold Digital Mining (NASDAQ:SDIG)

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