Northland Capmk upgraded shares of BitFuFu (NASDAQ:FUFU – Free Report) to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.
A number of other research firms also recently issued reports on FUFU. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of BitFuFu in a report on Friday, June 6th. Northland Securities assumed coverage on shares of BitFuFu in a research report on Wednesday. They issued a “market perform” rating and a $5.50 price objective for the company.
Read Our Latest Report on FUFU
BitFuFu Price Performance
BitFuFu (NASDAQ:FUFU – Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.14). BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. The company had revenue of $99.82 million during the quarter, compared to the consensus estimate of $114.03 million. Research analysts expect that BitFuFu will post 0.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Advisory LLC purchased a new stake in shares of BitFuFu during the 1st quarter valued at $905,000. WINTON GROUP Ltd purchased a new stake in BitFuFu during the fourth quarter worth about $83,000. OLD Mission Capital LLC bought a new stake in BitFuFu in the fourth quarter worth about $67,000. Jane Street Group LLC bought a new stake in BitFuFu in the first quarter worth about $57,000. Finally, Wedbush Securities Inc. purchased a new position in BitFuFu in the first quarter valued at about $50,000. Hedge funds and other institutional investors own 37.26% of the company’s stock.
About BitFuFu
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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