The Vanguard Group, Inc. recently announced the acquisition of new stake in Riot Blockchain Inc. (NASDAQ:RIOT). The institutional investor has increased its shareholding in the Technology company by 1.59% to 0.95 million shares with purchase of 14971.0 shares. This fresh investment now brings its stake to 2.76% valued currently at $2.52 million. In addition, Citadel Advisors LLC raised its holdings by 73348.0 to 0.35 million shares. And Virtu Financial BD LLC has lifted its position by 439.10% or 0.13 million shares – to 0.15 million shares.
With over 8.56 million Riot Blockchain Inc. (RIOT) shares trading Friday and a closing price of $3.59 on the day, the dollar volume was approximately $30.74 million. The shares have shown a negative weekly performance of -3.62% and its price on 08/28/20 gained nearly 9.79%. Currently, there are 34.53M common shares owned by the public and among those 32.88M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for RIOT have a consensus price objective of $3.50. The analysts have set the share’s price value over the next 12 months at a high of $3.50 and a low of $3.50 should the stock experience a downside. But an upside of -2.57% will see the stock hit the forecast high price target while mean target price for the stock is $3.50.
Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 1,586,135 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 124,240 shares.
The top 3 mutual fund holders in Riot Blockchain Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.64 million shares of the company’s stock, all valued at over $1.69 million. The company bought an additional 12430.0 shares recently to bring their total holdings to about 1.85% of the shares outstanding. Vanguard Extended Market Index Fu bought 83456.0 shares to see its total holdings expand to 0.41 million shares valued at over $1.09 million and representing 1.19% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.35% of the shares outstanding.
Shares of Riot Blockchain Inc. (NASDAQ: RIOT) opened at $3.23, down -$0.04 from a prior closing price of $3.27. However, the script later closed the day at $3.59, up 9.79%. The company’s stock has a 5-day price change of -3.62% and 58.15% over the past three months. RIOT shares are trading 220.54% year to date (YTD), with the 12-month market performance up to 90.96% higher. It has a 12-month low price of $0.51 and touched a high of $4.58 over the same period. Currently, 8.56 million shares have been traded, compared to an average intraday trading volume of 9.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.62%, 24.50%, and 101.06% respectively.
Institutional ownership of Riot Blockchain Inc. (NASDAQ: RIOT) shares accounts for 6.50% of the company’s 34.53M shares outstanding. Mutual fund holders own 4.67%, while other institutional holders and individual stakeholders account for 7.41% and 4.24% respectively.
It has a market capitalization of $155.02M and a beta (3y monthly) value of 3.24. The earnings-per-share (ttm) stands at -$0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.39% over the week and 14.36% over the month.
Analysts forecast that Riot Blockchain Inc. (RIOT) will achieve an EPS of -$0.09 for the current quarter, -$0.07 for the next quarter and $0 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.08 a year ago. EPS should grow at an annualized rate of 20.00% over the next five years, compared to 18.90% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”