31,331 Shares in BitMine Immersion Technologies, Inc. $BMNR Acquired by Turner Financial Group Inc.

Turner Financial Group Inc. acquired a new stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,331 shares of the company’s stock, valued at approximately $417,000.

Other large investors have also bought and sold shares of the company. Ankerstar Wealth LLC purchased a new position in shares of BitMine Immersion Technologies during the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth about $37,000. Banque Cantonale Vaudoise increased its holdings in BitMine Immersion Technologies by 72.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,859 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in BitMine Immersion Technologies in the 3rd quarter valued at about $38,000. Finally, Legacy Wealth Managment LLC ID raised its stake in BitMine Immersion Technologies by 153.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 1,396 shares of the company’s stock valued at $38,000 after acquiring an additional 846 shares during the period.

BitMine Immersion Technologies Stock Performance

NYSE:BMNR opened at $24.93 on Friday. BitMine Immersion Technologies, Inc. has a 52-week low of $12.80 and a 52-week high of $65.60. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 498.60 and a beta of 1.61. The business’s fifty day moving average is $18.49 and its 200 day moving average is $19.30.

BitMine Immersion Technologies (NYSE:BMNR) last issued its quarterly earnings data on Tuesday, July 14th. The company reported ($128.25) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a positive return on equity of 3.35% and a negative net margin of 14,306.56%.The company had revenue of $46.53 million for the quarter. Equities analysts predict that BitMine Immersion Technologies, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

BMNR has been the subject of a number of research reports. B Riley reiterated a “buy” rating on shares of BitMine Immersion Technologies in a research report on Thursday. B. Riley Financial boosted their price target on shares of BitMine Immersion Technologies from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. Cantor Fitzgerald dropped their price target on shares of BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BitMine Immersion Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $30.15.

About BitMine Immersion Technologies

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.