Keefe, Bruyette & Woods Issues Pessimistic Forecast for Cipher Mining (NASDAQ:CIFR) Stock Price

Cipher Mining (NASDAQ:CIFR) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $32.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 62.98% from the company’s previous close.

CIFR has been the topic of a number of other reports. Jefferies Financial Group initiated coverage on shares of Cipher Mining in a research report on Thursday, May 14th. They set a “buy” rating and a $32.00 price target on the stock. BTIG Research increased their price objective on shares of Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. HC Wainwright upped their price target on shares of Cipher Mining from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley decreased their price target on shares of Cipher Mining from $48.50 to $47.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.53.

Cipher Mining Stock Performance

Shares of NASDAQ:CIFR opened at $17.18 on Thursday. The business has a 50-day moving average of $22.95 and a two-hundred day moving average of $19.13. The firm has a market capitalization of $7.13 billion, a PE ratio of -6.01 and a beta of 3.20. The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.13. Cipher Mining has a 12 month low of $4.55 and a 12 month high of $30.14.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.40). Cipher Mining had a negative net margin of 585.75% and a negative return on equity of 156.28%. The firm had revenue of $24.84 million during the quarter, compared to analyst estimates of $31.86 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. As a group, research analysts forecast that Cipher Mining will post -0.79 earnings per share for the current year.

Insider Activity at Cipher Mining

In other news, major shareholder Holding Ltd V3 sold 1,200,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $25.49, for a total transaction of $30,588,000.00. Following the transaction, the insider directly owned 58,316,694 shares of the company’s stock, 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 document filed with the SEC, which is available at this hyperlink. Also, Director James E. Newsome sold 3,758 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total transaction of $99,962.80. Following the completion of the transaction, the director owned 128,530 shares of the company’s stock, valued at $3,418,898. This trade represents a 2.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,197,167 shares of company stock valued at $82,740,496. 3.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cipher Mining

A number of institutional investors have recently made changes to their positions in CIFR. Vanguard Group Inc. raised its holdings in Cipher Mining by 43.2% in the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $482,360,000 after acquiring an additional 9,865,533 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Cipher Mining in the third quarter worth $70,524,000. Situational Awareness LP grew its position in shares of Cipher Mining by 82.4% during the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after acquiring an additional 4,728,600 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Cipher Mining by 3,718.3% during the fourth quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock worth $63,359,000 after acquiring an additional 4,180,362 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Cipher Mining in the 1st quarter worth about $9,316,000. 12.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Cipher Mining

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

• Positive Sentiment: Cipher reported that it delivered its initial Black Pearl HPC capacity two months ahead of schedule. The early delivery supports the company’s strategy of expanding beyond bitcoin mining, while management also highlighted a growing data-center pipeline and project-financing efforts. Cipher Digital Q2 Earnings Call Highlights Early HPC Delivery
• Positive Sentiment: Rosenblatt Securities reaffirmed its “Buy” rating, while Chardan Capital previously reiterated its own “Buy” recommendation. These ratings indicate that some analysts continue to see substantial long-term upside in CIFR’s HPC and data-center plans. Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: JPMorgan maintained an “Overweight” rating but reduced its price target to $22 from $23. Keefe, Bruyette & Woods also lowered its target to $28 from $32 while retaining an “Outperform” rating. The cuts temper near-term expectations, although both targets remain above the current trading level.
• Neutral Sentiment: Large call-option activity suggests some traders are positioning for a rebound, but options flow can also reflect short-term speculation rather than a change in the company’s fundamentals. Large Volume of Call Options
• Negative Sentiment: Investors remain focused on Cipher Mining’s weak quarterly performance: the company reported a larger-than-expected loss and revenue below analyst forecasts. Its negative margins and high debt-to-equity ratio increase concern about profitability and funding needs. Cipher Mining Shares Gap Down Following Weak Earnings
• Negative Sentiment: CIFR is also declining alongside MARA Holdings and TeraWulf as cryptocurrency-mining stocks sell off despite bitcoin trading near $65,000. The sector reaction indicates that quarterly losses and company-specific execution concerns are outweighing support from bitcoin’s price. Crypto Mining Stocks Fall as Q2 Losses Outweigh Bitcoin Strength

Cipher Mining Company Profile

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.