Baader Bank Aktiengesellschaft Has $1.04 Million Position in Bitfarms Ltd. (NASDAQ:BITF)

Baader Bank Aktiengesellschaft lifted its holdings in shares of Bitfarms Ltd. (NASDAQ:BITF - Free Report) by 245.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 700,300 shares of the company's stock after purchasing an additional 497,789 shares during the period. Baader Bank Aktiengesellschaft owned 0.15% of Bitfarms worth $1,043,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. HighTower Advisors LLC bought a new stake in shares of Bitfarms during the third quarter worth $25,000. Lifeworks Advisors LLC bought a new position in Bitfarms in the third quarter valued at about $37,000. Chesapeake Capital Corp IL boosted its holdings in Bitfarms by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the company's stock valued at $50,000 after acquiring an additional 4,800 shares during the last quarter. HBW Advisory Services LLC bought a new position in Bitfarms in the third quarter valued at about $63,000. Finally, Nwam LLC bought a new position in Bitfarms in the third quarter valued at about $156,000. Institutional investors own 20.59% of the company's stock.

Bitfarms Trading Up 4.5 %

Shares of Bitfarms stock traded up $0.07 during trading on Thursday, hitting $1.51. 44,911,712 shares of the company were exchanged, compared to its average volume of 44,355,078. The firm has a market capitalization of $681.66 million, a P/E ratio of -4.18 and a beta of 3.67. Bitfarms Ltd. has a 1-year low of $1.36 and a 1-year high of $3.91. The firm's fifty day moving average price is $1.79 and its 200 day moving average price is $2.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.68.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $4.00 price target on shares of Bitfarms in a report on Thursday, November 14th. Stifel Canada upgraded Bitfarms from a "hold" rating to a "moderate buy" rating in a report on Friday, November 22nd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 price target on shares of Bitfarms in a report on Thursday, October 3rd. Keefe, Bruyette & Woods initiated coverage on Bitfarms in a report on Wednesday, January 8th. They issued an "outperform" rating on the stock. Finally, Alliance Global Partners began coverage on Bitfarms in a report on Wednesday, December 4th. They set a "buy" rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $4.05.

Bitfarms Profile

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.