Leonteq Securities AG Takes $2.74 Million Position in BitMine Immersion Technologies, Inc. $BMNR

Leonteq Securities AG purchased a new stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 100,933 shares of the company’s stock, valued at approximately $2,741,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ARK Investment Management LLC acquired a new stake in shares of BitMine Immersion Technologies during the 3rd quarter valued at approximately $387,907,000. State of Michigan Retirement System lifted its position in shares of BitMine Immersion Technologies by 141.7% during the 4th quarter. State of Michigan Retirement System now owns 145,000 shares of the company’s stock valued at $3,937,000 after acquiring an additional 85,000 shares during the period. Menard Financial Group LLC acquired a new stake in shares of BitMine Immersion Technologies during the 3rd quarter valued at approximately $2,595,000. Blue Sky Capital Consultants Group Inc. lifted its position in shares of BitMine Immersion Technologies by 340.5% during the 4th quarter. Blue Sky Capital Consultants Group Inc. now owns 95,799 shares of the company’s stock valued at $2,601,000 after acquiring an additional 74,052 shares during the period. Finally, Vanguard Group Inc. acquired a new stake in shares of BitMine Immersion Technologies during the 3rd quarter valued at approximately $148,612,000.

BitMine Immersion Technologies Price Performance

Shares of BMNR opened at $19.35 on Thursday. The firm has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $26.19. BitMine Immersion Technologies, Inc. has a 1-year low of $3.92 and a 1-year high of $161.00. The stock has a market cap of $11.02 billion and a price-to-earnings ratio of -148.84.

BitMine Immersion Technologies (NYSE:BMNR) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($0.08) earnings per share for the quarter. BitMine Immersion Technologies had a positive return on equity of 5.59% and a negative net margin of 51,892.77%.The business had revenue of $11.04 million for the quarter. On average, equities analysts expect that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BMNR shares. B. Riley Financial reduced their price target on shares of BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Cantor Fitzgerald upgraded shares of BitMine Immersion Technologies to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings assumed coverage on shares of BitMine Immersion Technologies in a research report on Friday, April 17th. They set a “sell (d-)” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.50.

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.