Riot PlatformsRIOT
About: Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.
Employees: 534
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
65% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 60
6% more call options, than puts
Call options by funds: $144M | Put options by funds: $136M
3.39% less ownership
Funds ownership: 46.05% [Q2] → 42.66% (-3.39%) [Q3]
6% less funds holding
Funds holding: 268 [Q2] → 253 (-15) [Q3]
21% less capital invested
Capital invested by funds: $1.22B [Q2] → $965M (-$250M) [Q3]
28% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 54
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Compass Point Chase White 100% 1-year accuracy 9 / 9 met price target | 7%upside $13 | Buy Maintained | 31 Oct 2024 |
Macquarie Paul Golding 85% 1-year accuracy 35 / 41 met price target | 44%upside $17.50 | Outperform Maintained | 31 Oct 2024 |
Needham John Todaro 88% 1-year accuracy 51 / 58 met price target | 10%downside $11 | Buy Reiterated | 31 Oct 2024 |
HC Wainwright & Co. Mike Colonnese 71% 1-year accuracy 42 / 59 met price target | 40%upside $17 | Buy Reiterated | 31 Oct 2024 |
Cantor Fitzgerald Brett Knoblauch 72% 1-year accuracy 54 / 75 met price target | 81%upside $22 | Overweight Reiterated | 3 Oct 2024 |
Financial journalist opinion
Based on 17 articles about RIOT published over the past 30 days
