Leonteq Securities AG Takes $713,000 Position in Bitfarms Ltd. $BITF

Leonteq Securities AG bought a new stake in shares of Bitfarms Ltd. (NASDAQ:BITFFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 303,201 shares of the company’s stock, valued at approximately $713,000. Leonteq Securities AG owned 0.05% of Bitfarms at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BITF. Geode Capital Management LLC boosted its stake in shares of Bitfarms by 3.8% during the second quarter. Geode Capital Management LLC now owns 3,449,002 shares of the company’s stock valued at $2,860,000 after purchasing an additional 125,156 shares during the period. Creative Planning boosted its stake in shares of Bitfarms by 54.0% during the second quarter. Creative Planning now owns 85,580 shares of the company’s stock valued at $72,000 after purchasing an additional 30,000 shares during the period. Cetera Investment Advisers boosted its stake in shares of Bitfarms by 1.4% during the second quarter. Cetera Investment Advisers now owns 789,700 shares of the company’s stock valued at $664,000 after purchasing an additional 10,622 shares during the period. Legal & General Group Plc boosted its stake in shares of Bitfarms by 4.1% during the second quarter. Legal & General Group Plc now owns 370,869 shares of the company’s stock valued at $309,000 after purchasing an additional 14,513 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Bitfarms by 40.4% during the second quarter. Invesco Ltd. now owns 13,234,973 shares of the company’s stock valued at $11,120,000 after purchasing an additional 3,806,810 shares during the period. 20.59% of the stock is owned by hedge funds and other institutional investors.

Bitfarms Stock Performance

BITF stock opened at $4.64 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.20 and a quick ratio of 3.14. The business has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.73. The company has a market capitalization of $2.80 billion, a P/E ratio of -20.17 and a beta of 3.77. Bitfarms Ltd. has a 1-year low of $0.70 and a 1-year high of $6.60.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BITF. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $3.00 price objective (up from $2.50) on shares of Bitfarms in a report on Tuesday, January 27th. HC Wainwright decreased their price objective on Bitfarms from $4.00 to $3.70 and set a “buy” rating for the company in a report on Tuesday, March 31st. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4.14.

Read Our Latest Report on BITF

About Bitfarms

(Free Report)

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources.

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Institutional Ownership by Quarter for Bitfarms (NASDAQ:BITF)

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