Cipher Mining (NASDAQ:CIFR) Given New $22.00 Price Target at JPMorgan Chase & Co.

Cipher Mining (NASDAQ:CIFR) had its price objective cut by JPMorgan Chase & Co. from $23.00 to $22.00 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Chardan Capital reissued a “buy” rating and issued a $32.00 price objective on shares of Cipher Mining in a research note on Tuesday. Keefe, Bruyette & Woods reduced their target price on Cipher Mining from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Cipher Mining in a research note on Wednesday. BTIG Research boosted their price target on Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald dropped their price objective on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $28.53.

Cipher Mining Trading Down 5.7%

CIFR opened at $17.18 on Friday. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of -6.01 and a beta of 3.20. The company has a quick ratio of 3.13, a current ratio of 3.00 and a debt-to-equity ratio of 9.69. Cipher Mining has a twelve month low of $4.55 and a twelve month high of $30.14. The company has a 50-day simple moving average of $22.95 and a 200 day simple moving average of $19.13.

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

Insider Buying and Selling at Cipher Mining

In related news, Director Wesley Hastie Williams sold 14,567 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total transaction of $311,879.47. Following the sale, the director owned 115,409 shares in the company, valued at $2,470,906.69. The trade was a 11.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Holding Ltd V3 sold 1,200,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,197,167 shares of company stock worth $82,740,496 over the last three months. 3.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cipher Mining

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in Cipher Mining by 16.6% during the 4th quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock worth $9,915,000 after buying an additional 95,686 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of Cipher Mining in the fourth quarter valued at about $667,000. Purpose Unlimited Inc. acquired a new stake in shares of Cipher Mining in the fourth quarter valued at about $1,558,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of Cipher Mining during the first quarter worth about $2,188,000. Finally, Tyche Wealth Partners LLC raised its position in shares of Cipher Mining by 119.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $1,697,000 after acquiring an additional 62,500 shares during the last quarter. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines 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.