Greenidge Generation (NASDAQ:GREE) Stock Rating Upgraded by Wall Street Zen

Greenidge Generation (NASDAQ:GREE) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenidge Generation in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Greenidge Generation Trading Down 7.7%

Greenidge Generation stock opened at $1.31 on Friday. The stock has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $1.55. Greenidge Generation has a 12 month low of $0.58 and a 12 month high of $3.84. The company has a market capitalization of $20.53 million, a PE ratio of -1.03 and a beta of 3.23.

Greenidge Generation (NASDAQ:GREE) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of ($0.47) by $1.22. The firm had revenue of $26.87 million for the quarter, compared to the consensus estimate of $14.00 million.

Hedge Funds Weigh In On Greenidge Generation

A number of institutional investors and hedge funds have recently modified their holdings of GREE. Jane Street Group LLC increased its stake in shares of Greenidge Generation by 448.8% in the 2nd quarter. Jane Street Group LLC now owns 60,992 shares of the company’s stock valued at $79,000 after acquiring an additional 49,878 shares in the last quarter. XTX Topco Ltd acquired a new stake in Greenidge Generation in the second quarter worth $41,000. GSA Capital Partners LLP increased its stake in Greenidge Generation by 14.3% in the third quarter. GSA Capital Partners LLP now owns 135,437 shares of the company’s stock valued at $246,000 after purchasing an additional 16,914 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Greenidge Generation during the first quarter valued at about $40,000. Finally, Ground Swell Capital LLC bought a new position in shares of Greenidge Generation during the 1st quarter worth about $25,000. 8.50% of the stock is currently owned by institutional investors.

Greenidge Generation Company Profile

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.