Cipher Mining (NASDAQ:CIFR) Upgraded at Zacks Research

Zacks Research upgraded shares of Cipher Mining (NASDAQ:CIFR) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods cut their price objective on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a $27.00 target price on shares of Cipher Mining in a research report on Monday, December 15th. Morgan Stanley assumed coverage on Cipher Mining in a research note on Monday, February 9th. They set an “overweight” rating and a $38.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, December 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Cipher Mining in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.68.

Cipher Mining Stock Performance

NASDAQ CIFR opened at $13.74 on Wednesday. The firm’s fifty day moving average price is $15.71 and its two-hundred day moving average price is $16.30. The stock has a market cap of $5.57 billion, a PE ratio of -6.36 and a beta of 2.96. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79. Cipher Mining has a fifty-two week low of $1.86 and a fifty-two week high of $25.52.

Insider Activity at Cipher Mining

In other Cipher Mining news, Director James E. Newsome sold 45,161 shares of Cipher Mining stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $15.74, for a total transaction of $710,834.14. Following the transaction, the director directly owned 127,331 shares of the company’s stock, valued at approximately $2,004,189.94. The trade was a 26.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary M. Grossman sold 30,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.54, for a total value of $436,200.00. Following the completion of the sale, the director owned 170,530 shares in the company, valued at $2,479,506.20. This trade represents a 14.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,297 shares of company stock worth $2,311,530 over the last three months. Company insiders own 2.63% of the company’s stock.

Institutional Investors Weigh In On Cipher Mining

Several institutional investors and hedge funds have recently made changes to their positions in CIFR. Creek Drive Management Group LLC acquired a new position in shares of Cipher Mining in the fourth quarter worth approximately $460,000. Purpose Unlimited Inc. acquired a new stake in Cipher Mining during the 4th quarter valued at approximately $1,558,000. Corient Private Wealth LLC acquired a new stake in Cipher Mining during the 4th quarter valued at approximately $614,000. Caitong International Asset Management Co. Ltd raised its holdings in Cipher Mining by 63.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 101,179 shares of the company’s stock worth $1,493,000 after purchasing an additional 39,342 shares during the last quarter. Finally, Kera Capital Partners Inc. bought a new position in Cipher Mining during the 4th quarter worth approximately $196,000. Institutional investors and hedge funds own 12.26% of the company’s stock.

Cipher Mining News Summary

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham & Company reiterated a Buy rating on CIFR, signaling continued analyst conviction and supporting upside expectations. Read More.
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy and set a $24 price target, reinforcing a bullish analyst view that could attract buyers. Read More.
• Positive Sentiment: Zacks Research upgraded Cipher from “strong sell” to “hold,” a modest improvement in sentiment from a prior negative stance. Read More.
• Positive Sentiment: CIFR experienced a sharp gap higher tied to strength in Nasdaq futures, producing short‑term momentum that can attract momentum traders and algos. Read More.
• Neutral Sentiment: Analyst coverage is mixed overall (many Buy ratings and some Hold/Sell), leaving consensus upside but also exposing the stock to sentiment swings; consensus price targets imply material upside versus current levels. Read More.
• Negative Sentiment: Several market pieces highlight steep intraday declines (around 9% in Thursday trading), linking CIFR’s moves to Bitcoin and broader crypto‑miner volatility—this has been a direct driver of selling pressure. Read More.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported stake), a disclosed insider sale that can be interpreted as profit‑taking and may weigh on sentiment. Read More.
• Negative Sentiment: Zacks published a note highlighting a larger-than-market decline in the latest close, underscoring downside risk from near‑term price moves. Read More.

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.