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)
69% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 59
7% more call options, than puts
Call options by funds: $147M | Put options by funds: $136M
3.88% less ownership
Funds ownership: 46.89% [Q2] → 43.01% (-3.88%) [Q3]
4% less funds holding
Funds holding: 268 [Q2] → 256 (-12) [Q3]
15% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 48
21% less capital invested
Capital invested by funds: $1.24B [Q2] → $973M (-$265M) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Piper Sandler Patrick Moley 80% 1-year accuracy 35 / 44 met price target | 91%upside $23 | Overweight Initiated | 17 Dec 2024 |
JP Morgan Reginald Smith 54% 1-year accuracy 14 / 26 met price target | 33%upside $16 | Overweight Maintained | 10 Dec 2024 |
Compass Point Chase White 100% 1-year accuracy 9 / 9 met price target | 8%upside $13 | Buy Maintained | 31 Oct 2024 |
Macquarie Paul Golding 77% 1-year accuracy 34 / 44 met price target | 46%upside $17.50 | Outperform Maintained | 31 Oct 2024 |
Needham John Todaro 92% 1-year accuracy 55 / 60 met price target | 8%downside $11 | Buy Reiterated | 31 Oct 2024 |
Financial journalist opinion
Based on 15 articles about RIOT published over the past 30 days