Cipher Mining (NASDAQ:CIFR) Price Target Cut to $25.00 by Analysts at HC Wainwright

Cipher Mining (NASDAQ:CIFRGet Free Report) had its price target dropped by equities research analysts at HC Wainwright to $25.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 46.03% from the company’s current price.

Several other equities research analysts also recently issued reports on CIFR. Northland Securities set a $27.50 price target on Cipher Mining in a report on Tuesday, November 4th. Wells Fargo & Company set a $18.00 target price on shares of Cipher Mining in a report on Monday, November 24th. Keefe, Bruyette & Woods increased their price target on shares of Cipher Mining from $13.00 to $22.00 and gave the company a “moderate buy” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. upgraded shares of Cipher Mining from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $12.00 to $18.00 in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.46.

View Our Latest Analysis on Cipher Mining

Cipher Mining Stock Up 12.5%

Cipher Mining stock opened at $17.12 on Wednesday. Cipher Mining has a fifty-two week low of $1.86 and a fifty-two week high of $25.52. The firm has a market capitalization of $6.76 billion, a PE ratio of -95.11 and a beta of 2.95. The company’s 50-day moving average is $16.41 and its 200-day moving average is $15.09. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.49 and a quick ratio of 2.49.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, Director James E. Newsome sold 21,821 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $16.03, for a total value of $349,790.63. Following the transaction, the director directly owned 172,492 shares of the company’s stock, valued at $2,765,046.76. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick Arthur Kelly sold 35,569 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $15.08, for a total transaction of $536,380.52. Following the completion of the transaction, the chief operating officer owned 1,151,770 shares of the company’s stock, valued at $17,368,691.60. The trade was a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 142,825 shares of company stock valued at $2,319,720 in the last three months. Corporate insiders own 2.63% of the company’s stock.

Institutional Trading of Cipher Mining

Several large investors have recently made changes to their positions in CIFR. Los Angeles Capital Management LLC bought a new position in Cipher Mining in the fourth quarter valued at approximately $25,000. Arax Advisory Partners boosted its holdings in shares of Cipher Mining by 274.2% in the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after purchasing an additional 1,338 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Cipher Mining by 218.3% in the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock valued at $28,000 after purchasing an additional 1,286 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cipher Mining in the 4th quarter valued at $28,000. Finally, Sherman Asset Management Inc. acquired a new position in shares of Cipher Mining during the 3rd quarter worth $25,000. Institutional investors and hedge funds own 12.26% of the company’s stock.

Key Headlines Impacting Cipher Mining

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

About Cipher Mining

(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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