Captrust Financial Advisors Invests $54,000 in Cipher Mining Inc. (NASDAQ:CIFR)

Captrust Financial Advisors purchased a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,736 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors have also bought and sold shares of CIFR. Voya Investment Management LLC boosted its position in shares of Cipher Mining by 3.6% in the 4th quarter. Voya Investment Management LLC now owns 59,135 shares of the company’s stock worth $274,000 after purchasing an additional 2,036 shares during the last quarter. Xponance Inc. grew its holdings in shares of Cipher Mining by 17.8% in the 4th quarter. Xponance Inc. now owns 14,151 shares of the company’s stock valued at $66,000 after acquiring an additional 2,140 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Cipher Mining by 17.4% in the 4th 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 in the last quarter. Tobam grew its holdings in Cipher Mining by 22.7% during 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 period. Finally, Victory Capital Management Inc. grew its holdings in Cipher Mining by 14.4% during the fourth 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 period. 12.26% of the stock is currently owned by institutional investors.

Cipher Mining Price Performance

CIFR stock opened at $3.57 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of -27.46 and a beta of 2.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57. Cipher Mining Inc. has a 52-week low of $1.86 and a 52-week high of $7.99. The business has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $4.59.

Cipher Mining (NASDAQ:CIFR) last posted its earnings results 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 firm had revenue of $48.96 million for the quarter, compared to analysts’ expectations of $53.57 million. Research analysts expect that Cipher Mining Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CIFR shares. Rosenblatt Securities restated a “buy” rating and set a $5.50 price objective on shares of Cipher Mining in a report on Wednesday, May 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.00 price target on shares of Cipher Mining in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut Cipher Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, March 13th. Cantor Fitzgerald decreased their price objective on Cipher Mining from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Needham & Company LLC decreased their price target on Cipher Mining from $7.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One equities 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 company. Based on data from MarketBeat.com, Cipher Mining has an average rating of “Buy” and a consensus 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.