27,880 Shares of BitMine Immersion Technologies, Inc. $BMNR Acquired by Parisi Gray Wealth Management

Parisi Gray Wealth Management acquired a new stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,880 shares of the company’s stock, valued at approximately $737,000.

A number of other institutional investors have also recently added to or reduced their stakes in BMNR. Mozayyx Management LLC purchased a new position in BitMine Immersion Technologies in the fourth quarter valued at about $90,500,000. Weiss Asset Management LP boosted its stake in shares of BitMine Immersion Technologies by 363.6% during the 1st quarter. Weiss Asset Management LP now owns 4,328,294 shares of the company’s stock worth $85,614,000 after acquiring an additional 3,394,677 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of BitMine Immersion Technologies by 8,516.4% during the 4th quarter. Virtu Financial LLC now owns 923,673 shares of the company’s stock worth $25,078,000 after acquiring an additional 912,953 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of BitMine Immersion Technologies during the 2nd quarter worth approximately $20,069,000. Finally, California Public Employees Retirement System acquired a new stake in shares of BitMine Immersion Technologies in the 1st quarter worth approximately $14,072,000.

Wall Street Analyst Weigh In

BMNR has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of BitMine Immersion Technologies in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Tuesday. Wall Street Zen upgraded BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Finally, B. Riley Financial boosted their price objective on shares of BitMine Immersion Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.80.

BitMine Immersion Technologies Stock Down 7.4%

Shares of BMNR traded down $1.72 during trading hours on Friday, reaching $21.64. 36,894,989 shares of the company traded hands, compared to its average volume of 34,919,820. The stock has a market capitalization of $13.05 billion, a PE ratio of 432.72 and a beta of 1.52. BitMine Immersion Technologies, Inc. has a fifty-two week low of $12.80 and a fifty-two week high of $55.19. The stock has a fifty day simple moving average of $23.95 and a 200 day simple moving average of $20.30.

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

BitMine Immersion Technologies Profile

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.