Quattro Financial Advisors LLC purchased a new stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,600 shares of the company’s stock, valued at approximately $571,000.
Several other institutional investors have also recently bought and sold shares of BMNR. Weiss Asset Management LP lifted its holdings in BitMine Immersion Technologies by 363.6% in the first quarter. Weiss Asset Management LP now owns 4,328,294 shares of the company’s stock valued at $85,614,000 after buying an additional 3,394,677 shares during the period. Entropy Technologies LP acquired a new stake in BitMine Immersion Technologies during the 1st quarter worth $1,906,000. Dimensional Fund Advisors LP acquired a new stake in BitMine Immersion Technologies during the 1st quarter worth $4,275,000. Corient Private Wealth LP grew its holdings in BitMine Immersion Technologies by 89.5% during the 2nd quarter. Corient Private Wealth LP now owns 77,285 shares of the company’s stock worth $1,029,000 after acquiring an additional 36,495 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of BitMine Immersion Technologies by 612.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 132,063 shares of the company’s stock valued at $2,612,000 after acquiring an additional 113,532 shares during the last quarter.
BitMine Immersion Technologies Trading Up 5.3%
BMNR opened at $23.43 on Friday. The firm’s fifty day moving average is $23.89 and its two-hundred day moving average is $20.29. BitMine Immersion Technologies, Inc. has a twelve month low of $12.80 and a twelve month high of $56.10.
BitMine Immersion Technologies (NYSE:BMNR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported ($128.25) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a negative net margin of 14,306.56% and a positive return on equity of 3.35%. The firm had revenue of $46.53 million during the quarter. As a group, equities analysts expect that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on BMNR. Wall Street Zen raised BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Cantor Fitzgerald restated an “overweight” rating on shares of BitMine Immersion Technologies in a research report on Tuesday, October 6th. B. Riley Financial lifted their price objective on BitMine Immersion Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BitMine Immersion Technologies has a consensus rating of “Hold” and an average target price of $48.80.
View Our Latest Stock Analysis on BitMine Immersion Technologies
About BitMine Immersion Technologies
BitMine Immersion Technologies, Inc is a digital asset and blockchain technology company focused on cryptocurrency mining and the management of digital assets. Its operations have included the use of immersion-cooling technology, which is designed to improve the efficiency and operating environment of specialized computing equipment used in cryptocurrency mining.
The company has also shifted its strategic focus toward building and managing a treasury of digital assets, particularly Ethereum, while continuing to evaluate opportunities in cryptocurrency mining, blockchain infrastructure and related technologies.
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