Cipher Mining’s (CIFR) Buy Rating Reiterated at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of Cipher Mining (NASDAQ:CIFR) in a research report report published on Tuesday,Benzinga reports. Chardan Capital currently has a $32.00 price objective on the stock.

A number of other research analysts also recently commented on CIFR. Jefferies Financial Group assumed coverage on Cipher Mining in a research note on Thursday, May 14th. They issued a “buy” rating and a $32.00 target price on the stock. HC Wainwright lifted their price target on Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. Needham & Company LLC increased their price objective on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Morgan Stanley dropped their price objective on Cipher Mining from $48.50 to $47.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cipher Mining has an average rating of “Moderate Buy” and an average target price of $28.29.

Cipher Mining Stock Down 2.7%

NASDAQ:CIFR opened at $18.21 on Tuesday. The business’s fifty day moving average price is $23.08 and its 200 day moving average price is $19.14. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -6.37 and a beta of 3.20. The company has a current ratio of 3.00, a quick ratio of 3.13 and a debt-to-equity ratio of 9.69. Cipher Mining has a 1-year low of $4.55 and a 1-year high of $30.14.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.40). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.The business had revenue of $24.84 million for the quarter, compared to analyst estimates of $31.86 million. During the same quarter in the previous year, the business posted ($0.12) earnings per share. On average, sell-side analysts forecast that Cipher Mining will post -0.79 earnings per share for the current fiscal year.

Insider Activity at Cipher Mining

In other news, major shareholder Holding Ltd V3 sold 1,200,000 shares of Cipher Mining stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $25.49, for a total value of $30,588,000.00. Following the completion of the transaction, the insider owned 58,316,694 shares in the company, valued at approximately $1,486,492,530.06. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Newsome sold 3,758 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total value of $99,962.80. Following the sale, the director directly owned 128,530 shares of the company’s stock, valued at $3,418,898. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,197,167 shares of company stock valued at $82,740,496. Insiders own 3.09% of the company’s stock.

Institutional Trading of Cipher Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of Cipher Mining by 59.3% in the second quarter. Handelsbanken Fonder AB now owns 106,600 shares of the company’s stock valued at $2,612,000 after purchasing an additional 39,700 shares in the last quarter. Scott Capital Advisors LLC lifted its holdings in Cipher Mining by 26.9% during the 2nd quarter. Scott Capital Advisors LLC now owns 50,740 shares of the company’s stock worth $1,243,000 after buying an additional 10,740 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Cipher Mining by 39.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 77,812 shares of the company’s stock valued at $1,906,000 after buying an additional 21,849 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in Cipher Mining by 726.6% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 4,571 shares of the company’s stock valued at $112,000 after buying an additional 4,018 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Cipher Mining in the 2nd quarter valued at $58,000. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Key Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Keefe, Bruyette & Woods maintained an “Outperform” rating while lowering its price target from $32 to $28. The new target still implies substantial upside from the reference price, signaling continued confidence in Cipher’s longer-term prospects. Benzinga analyst price target update
• Positive Sentiment: Chardan Capital reiterated its Buy rating, while Rosenblatt Securities also reaffirmed its Buy rating with a $30 target. These endorsements suggest that several analysts view the post-earnings weakness as temporary or already reflected in the valuation. Chardan reiterates Buy rating Rosenblatt reaffirms Buy rating
• Positive Sentiment: Recent commentary highlights Cipher’s potential AI and HPC ramp, including project-financed buildouts that could expand its growth opportunity. An options-trading report also indicated unusually large call-option purchases, suggesting some traders are positioning for a rebound. Cipher Digital AI ramp analysis Cipher Mining call-option activity
• Neutral Sentiment: Brokerages’ average price target was reported at approximately $28.74, but targets remain subject to revisions as Cipher executes its AI/HPC strategy and manages financing requirements. Cipher Mining brokerage price targets
• Negative Sentiment: Cipher’s quarterly results missed expectations: adjusted loss per share was materially wider than forecast and revenue came in below consensus. The disappointing results triggered a post-earnings decline and remain the main near-term factor weighing on CIFR. Cipher Mining shares gap down after weak earnings

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.