Rosenblatt Securities restated their buy rating on shares of Cipher Mining (NASDAQ:CIFR – Free Report) in a report published on Wednesday,Benzinga reports. They currently have a $30.00 target price on the stock.
CIFR has been the topic of a number of other reports. HC Wainwright increased their price target on shares of Cipher Mining from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Morgan Stanley cut their price objective on Cipher Mining from $48.50 to $47.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Sanford C. Bernstein assumed coverage on Cipher Mining in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 target price for the company. Chardan Capital reiterated a “buy” rating and set a $32.00 target price on shares of Cipher Mining in a research report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.53.
Check Out Our Latest Stock Analysis on CIFR
Cipher Mining Price Performance
Cipher Mining (NASDAQ:CIFR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.40). The firm had revenue of $24.84 million for the quarter, compared to the consensus estimate of $31.86 million. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.During the same period in the previous year, the company posted ($0.12) EPS. On average, research analysts forecast that Cipher Mining will post -0.79 earnings per share for the current year.
Insider Activity at Cipher Mining
In other Cipher Mining news, CEO Tyler Page sold 112,500 shares of Cipher Mining stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $21.19, for a total value of $2,383,875.00. Following the transaction, the chief executive officer directly owned 9,084,225 shares in the company, valued at approximately $192,494,727.75. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Newsome sold 3,758 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.60, for a total value of $99,962.80. Following the sale, the director owned 128,530 shares of the company’s stock, valued at $3,418,898. This trade represents a 2.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,197,167 shares of company stock worth $82,740,496 in the last ninety days. Company insiders own 3.09% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in Cipher Mining by 16.6% during the 4th quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock valued at $9,915,000 after acquiring an additional 95,686 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in Cipher Mining during the 4th quarter valued at $667,000. Purpose Unlimited Inc. acquired a new stake in Cipher Mining during the 4th quarter valued at $1,558,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Cipher Mining in the first quarter worth $2,188,000. Finally, Tyche Wealth Partners LLC lifted its position in shares of Cipher Mining by 119.0% in the fourth quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $1,697,000 after acquiring an additional 62,500 shares in the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.
Cipher Mining News Summary
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: Cipher reported that it delivered its initial Black Pearl HPC capacity two months ahead of schedule. The early delivery supports the company’s strategy of expanding beyond bitcoin mining, while management also highlighted a growing data-center pipeline and project-financing efforts. Cipher Digital Q2 Earnings Call Highlights Early HPC Delivery
- Positive Sentiment: Rosenblatt Securities reaffirmed its “Buy” rating, while Chardan Capital previously reiterated its own “Buy” recommendation. These ratings indicate that some analysts continue to see substantial long-term upside in CIFR’s HPC and data-center plans. Rosenblatt Reaffirms Buy Rating
- Neutral Sentiment: JPMorgan maintained an “Overweight” rating but reduced its price target to $22 from $23. Keefe, Bruyette & Woods also lowered its target to $28 from $32 while retaining an “Outperform” rating. The cuts temper near-term expectations, although both targets remain above the current trading level.
- Neutral Sentiment: Large call-option activity suggests some traders are positioning for a rebound, but options flow can also reflect short-term speculation rather than a change in the company’s fundamentals. Large Volume of Call Options
- Negative Sentiment: Investors remain focused on Cipher Mining’s weak quarterly performance: the company reported a larger-than-expected loss and revenue below analyst forecasts. Its negative margins and high debt-to-equity ratio increase concern about profitability and funding needs. Cipher Mining Shares Gap Down Following Weak Earnings
- Negative Sentiment: CIFR is also declining alongside MARA Holdings and TeraWulf as cryptocurrency-mining stocks sell off despite bitcoin trading near $65,000. The sector reaction indicates that quarterly losses and company-specific execution concerns are outweighing support from bitcoin’s price. Crypto Mining Stocks Fall as Q2 Losses Outweigh Bitcoin Strength
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.
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