Calamos Advisors LLC Invests $52,000 in Cipher Mining Inc. (NASDAQ:CIFR)

Calamos Advisors LLC acquired a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,610 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in shares of Cipher Mining by 107.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 693,097 shares of the company’s stock worth $2,862,000 after purchasing an additional 358,897 shares during the last quarter. Van ECK Associates Corp increased its holdings in Cipher Mining by 22.3% in the third quarter. Van ECK Associates Corp now owns 1,403,549 shares of the company’s stock valued at $3,270,000 after buying an additional 256,097 shares in the last quarter. Swiss National Bank purchased a new position in Cipher Mining in the third quarter valued at $255,000. Jump Financial LLC purchased a new position in Cipher Mining in the third quarter valued at $244,000. Finally, Vontobel Holding Ltd. grew its position in shares of Cipher Mining by 117.4% in the fourth quarter. Vontobel Holding Ltd. now owns 126,656 shares of the company’s stock valued at $523,000 after purchasing an additional 68,400 shares during the period. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $4.50 target price on shares of Cipher Mining in a research report on Tuesday, March 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $5.50 target price on shares of Cipher Mining in a report on Thursday, March 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of Cipher Mining in a report on Thursday, March 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Cipher Mining in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Cipher Mining currently has an average rating of “Moderate Buy” and a consensus target price of $5.25.

Cipher Mining Price Performance

Cipher Mining stock opened at $4.56 on Tuesday. The company’s 50 day simple moving average is $3.88 and its 200-day simple moving average is $3.39. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -45.60 and a beta of 2.22. Cipher Mining Inc. has a 1 year low of $1.76 and a 1 year high of $5.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.60 and a current ratio of 4.60.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Cipher Mining had a negative net margin of 20.32% and a negative return on equity of 6.78%. The business had revenue of $43.42 million for the quarter, compared to the consensus estimate of $35.73 million. As a group, equities research analysts expect that Cipher Mining Inc. will post -0.15 earnings per share for the current year.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.