BitMine Immersion Technologies, Inc. $BMNR Shares Purchased by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC grew its stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 38.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,246 shares of the company’s stock after buying an additional 37,325 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in BitMine Immersion Technologies were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Milestone Asset Management LLC raised its holdings in BitMine Immersion Technologies by 5.6% during the fourth quarter. Milestone Asset Management LLC now owns 8,185 shares of the company’s stock worth $222,000 after purchasing an additional 432 shares in the last quarter. Certuity LLC boosted its stake in BitMine Immersion Technologies by 0.3% during the 4th quarter. Certuity LLC now owns 180,707 shares of the company’s stock valued at $4,906,000 after purchasing an additional 552 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its stake in BitMine Immersion Technologies by 40.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of BitMine Immersion Technologies by 16.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,620 shares of the company’s stock valued at $91,000 after purchasing an additional 658 shares during the period. Finally, Kingsview Wealth Management LLC increased its position in shares of BitMine Immersion Technologies by 4.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 15,467 shares of the company’s stock valued at $420,000 after purchasing an additional 711 shares during the period.

BitMine Immersion Technologies Price Performance

BMNR stock opened at $18.81 on Friday. The firm has a market cap of $11.34 billion, a PE ratio of 376.12 and a beta of 1.30. BitMine Immersion Technologies, Inc. has a 12 month low of $12.80 and a 12 month high of $71.74. The firm has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $19.65.

BitMine Immersion Technologies (NYSE:BMNR) last posted its quarterly earnings results on Tuesday, July 14th. The company reported ($128.25) earnings per share (EPS) for the quarter. The business had revenue of $46.53 million during the quarter. BitMine Immersion Technologies had a positive return on equity of 3.35% and a negative net margin of 14,306.56%. As a group, sell-side analysts expect that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of BitMine Immersion Technologies in a research note on Wednesday, July 15th. Cantor Fitzgerald lowered their target price on BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Finally, B. Riley Financial dropped their price target on shares of BitMine Immersion Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BitMine Immersion Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.65.

BitMine Immersion Technologies Company Profile

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.