HC Wainwright Reiterates “$10.00” Price Target for Riot Blockchain (RIOT)

HC Wainwright set a $10.00 target price on Riot Blockchain (NASDAQ:RIOT) in a report released on Friday morning. The firm currently has a buy rating on the technology company’s stock.

Shares of RIOT stock opened at $8.28 on Friday. The firm has a market cap of $121.28 million, a PE ratio of -3.06 and a beta of 2.62. Riot Blockchain has a one year low of $3.45 and a one year high of $46.20.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Riot Blockchain during the fourth quarter valued at $602,000. M Holdings Securities Inc. purchased a new position in Riot Blockchain during the fourth quarter valued at $1,397,000. Millennium Management LLC purchased a new position in Riot Blockchain during the fourth quarter valued at $2,704,000. Two Sigma Advisers LP purchased a new position in Riot Blockchain during the fourth quarter valued at $372,000. Finally, Renaissance Technologies LLC purchased a new position in Riot Blockchain during the fourth quarter valued at $7,042,000. 11.26% of the stock is owned by institutional investors.

About Riot Blockchain

Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.

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