Cipher Mining (NASDAQ:CIFR) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Cipher Mining (NASDAQ:CIFR) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on CIFR. Canaccord Genuity Group reissued a “buy” rating and set a $27.00 price objective on shares of Cipher Mining in a report on Monday, December 15th. HC Wainwright lowered their target price on shares of Cipher Mining to $25.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Rosenblatt Securities reiterated a “buy” rating and set a $24.00 price target on shares of Cipher Mining in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cipher Mining from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. Fourteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cipher Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.68.

Cipher Mining Price Performance

CIFR stock opened at $14.35 on Wednesday. The business has a 50 day moving average price of $15.81 and a 200 day moving average price of $16.25. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 3.37. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of -6.64 and a beta of 2.96. Cipher Mining has a fifty-two week low of $1.86 and a fifty-two week high of $25.52.

Insiders Place Their Bets

In other news, Director Cary M. Grossman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total transaction of $436,200.00. Following the transaction, the director directly owned 170,530 shares in the company, valued at approximately $2,479,506.20. This trade represents a 14.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Newsome sold 45,161 shares of Cipher Mining stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total transaction of $710,834.14. Following the completion of the transaction, the director directly owned 127,331 shares in the company, valued at $2,004,189.94. The trade was a 26.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 146,297 shares of company stock valued at $2,311,530 over the last quarter. Company insiders own 2.63% of the company’s stock.

Institutional Trading of Cipher Mining

Large investors have recently bought and sold shares of the business. Sherman Asset Management Inc. purchased a new position in Cipher Mining during the 3rd quarter worth $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of Cipher Mining in the fourth quarter valued at about $25,000. Arax Advisory Partners boosted its stake in shares of Cipher Mining by 274.2% during the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after buying an additional 1,338 shares during the period. GAMMA Investing LLC boosted its stake in shares of Cipher Mining by 218.3% during the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after buying an additional 1,286 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cipher Mining during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 12.26% of the company’s stock.

Key Headlines Impacting Cipher Mining

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

• Positive Sentiment: Signed a long‑term hyperscaler/data‑center lease and media coverage frames this as an AI/data‑center demand catalyst that improves long‑term revenue visibility. Barron’s: Cipher Digital Stock Jumps on Hyperscaler Deal
• Positive Sentiment: Brokerage support remains: Needham reaffirmed a Buy with a $22 target and Rosenblatt restated Buy with a $24 target — both imply meaningful upside from current levels and can attract buyer interest. Needham Reiterates Buy Benzinga
• Positive Sentiment: Company reported fresh liquidity (revolver) and institutional buying activity reported recently, supporting funding for capacity expansion.
• Neutral Sentiment: Zacks Research moved its rating from “strong sell” to “hold” — a moderation but not a clear bullish endorsement. Zacks.com
• Neutral Sentiment: Wall Street coverage is mixed but tilted positive overall (many Buy ratings and a consensus target above the current price); media amplification can drive trading momentum without changing fundamentals immediately. Zacks: Wall Street Bulls Look Optimistic
• Negative Sentiment: Insider selling: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported stake), which can be read as profit‑taking and weigh on sentiment. SEC Form 4 – Insider Sale
• Negative Sentiment: Broader crypto/mining weakness — several outlets attribute the intraday drop to Bitcoin’s price movement that is pressuring miners across the board. Sector volatility often causes sharp swings in CIFR. 247wallst: Is Bitcoin’s Price Move Punishing Crypto Mining Stocks?
• Negative Sentiment: Market intraday coverage noted a larger-than-market fall for CIFR (price reaction context). Zacks: CIFR Registers a Bigger Fall Than the Market

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.