HC Wainwright Has Lowered Expectations for Cipher Mining (NASDAQ:CIFR) Stock Price

Cipher Mining (NASDAQ:CIFRGet Free Report) had its target price lowered by equities researchers at HC Wainwright to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 46.03% from the company’s previous close.

CIFR has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised their target price on Cipher Mining from $13.00 to $22.00 and gave the stock a “moderate buy” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded Cipher Mining from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and issued a $27.00 price target on shares of Cipher Mining in a report on Monday, December 15th. Finally, Citizens Jmp set a $30.00 price target on Cipher Mining in a research report on Wednesday, November 19th. Fourteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.46.

Check Out Our Latest Report on Cipher Mining

Cipher Mining Stock Up 12.5%

NASDAQ:CIFR opened at $17.12 on Wednesday. Cipher Mining has a 12-month low of $1.86 and a 12-month high of $25.52. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $6.76 billion, a P/E ratio of -95.11 and a beta of 2.95. The stock’s fifty day simple moving average is $16.41 and its 200-day simple moving average is $15.09.

Insider Buying and Selling at Cipher Mining

In related news, COO Patrick Arthur Kelly sold 35,568 shares of Cipher Mining stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $17.76, for a total value of $631,687.68. Following the sale, the chief operating officer owned 1,512,644 shares of the company’s stock, valued at approximately $26,864,557.44. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wesley Hastie Williams sold 49,867 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $16.08, for a total value of $801,861.36. Following the completion of the sale, the director owned 158,145 shares in the company, valued at $2,542,971.60. The trade was a 23.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 142,825 shares of company stock valued at $2,319,720 in the last 90 days. 2.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CIFR. CWM LLC increased its stake in Cipher Mining by 43.3% in the 4th quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $39,000 after buying an additional 804 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of Cipher Mining by 6.7% in the 4th quarter. Prospera Financial Services Inc now owns 15,600 shares of the company’s stock valued at $230,000 after acquiring an additional 980 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cipher Mining by 218.3% in the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock valued at $28,000 after acquiring an additional 1,286 shares during the last quarter. Arax Advisory Partners raised its holdings in Cipher Mining by 274.2% during the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Cipher Mining by 26.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,077 shares of the company’s stock valued at $104,000 after purchasing an additional 1,468 shares during the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

Cipher Mining News Roundup

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

Cipher Mining Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cipher Mining (NASDAQ:CIFR)

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