Riot Blockchain (RIOT) Cut to Sell at Zacks Investment Research
According to Zacks, “Riot Blockchain, Inc. leverages its expertise and network to build and support blockchain technology companies. It is establishing an Advisory Board with technical experience intending to become a leading authority and supporter of blockchain, while providing investment exposure to the rapidly growing blockchain ecosystem. Riot Blockchain, Inc., formerly known as Bioptix, Inc., is based in CASTLE ROCK, United States. “
Separately, HC Wainwright boosted their target price on shares of Riot Blockchain from $4.00 to $5.00 and gave the company a buy rating in a research note on Friday, April 5th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in Riot Blockchain by 2.2% in the third quarter. Vanguard Group Inc now owns 490,146 shares of the technology company’s stock valued at $1,789,000 after acquiring an additional 10,493 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Riot Blockchain by 18.7% during the 4th quarter. Geode Capital Management LLC now owns 100,635 shares of the technology company’s stock valued at $151,000 after buying an additional 15,873 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Riot Blockchain by 4,404,000.0% during the 4th quarter. Deutsche Bank AG now owns 44,041 shares of the technology company’s stock valued at $66,000 after buying an additional 44,040 shares in the last quarter. Barclays PLC purchased a new stake in shares of Riot Blockchain during the 4th quarter valued at approximately $241,000. Finally, BlackRock Inc. lifted its stake in shares of Riot Blockchain by 132.5% during the 3rd quarter. BlackRock Inc. now owns 370,794 shares of the technology company’s stock valued at $1,354,000 after buying an additional 211,344 shares in the last quarter. Hedge funds and other institutional investors own 8.40% of the company’s stock.
About Riot Blockchain
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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