Deutsche Bank AG Has $899,000 Holdings in Cipher Mining Inc. (NASDAQ:CIFR)

Deutsche Bank AG trimmed its holdings in Cipher Mining Inc. (NASDAQ:CIFR) by 63.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193,677 shares of the company’s stock after selling 337,379 shares during the period. Deutsche Bank AG owned about 0.06% of Cipher Mining worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CIFR. V3 Holding Ltd acquired a new position in Cipher Mining in the fourth quarter valued at about $452,713,000. Lone Pine Capital LLC acquired a new position in Cipher Mining in the fourth quarter valued at about $10,878,000. Helix Partners Management LP acquired a new position in Cipher Mining in the fourth quarter valued at about $10,426,000. Driehaus Capital Management LLC acquired a new position in Cipher Mining in the fourth quarter valued at about $9,439,000. Finally, Vanguard Group Inc. lifted its holdings 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 valued at $84,318,000 after purchasing an additional 1,189,756 shares in the last quarter. 12.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CIFR. Canaccord Genuity Group restated a “buy” rating and issued a $8.00 price target on shares of Cipher Mining in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered Cipher Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, March 13th. Needham & Company LLC dropped their price objective on Cipher Mining from $7.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. HC Wainwright reaffirmed a “buy” rating on shares of Cipher Mining in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $5.50 price target on shares of Cipher Mining in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Cipher Mining presently has a consensus rating of “Buy” and a consensus target price of $8.03.

Cipher Mining Stock Down 2.8%

Shares of CIFR opened at $3.47 on Tuesday. Cipher Mining Inc. has a 52 week low of $1.86 and a 52 week high of $7.99. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -26.69 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. The stock has a fifty day moving average of $2.85 and a 200-day moving average of $4.52.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $48.96 million during the quarter, compared to analyst estimates of $53.57 million. Cipher Mining had a negative return on equity of 8.29% and a negative net margin of 33.39%. As a group, sell-side analysts anticipate that Cipher Mining Inc. will post -0.31 earnings per share for the current fiscal year.

About Cipher Mining

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.