Riot PlatformsRIOT
RIOT
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
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: $146M | Put options by funds: $136M
3.37% less ownership
Funds ownership: 46.04% [Q2] → 42.67% (-3.37%) [Q3]
4% less funds holding
Funds holding: 268 [Q2] → 256 (-12) [Q3]
21% less capital invested
Capital invested by funds: $1.22B [Q2] → $965M (-$250M) [Q3]
23% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 53
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11
5%
downside
Avg. target
$17.07
48%
upside
High target
$23
99%
upside
7 analyst ratings
7 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Patrick Moley 78% 1-year accuracy 31 / 40 met price target | 99%upside $23 | Overweight Initiated | 17 Dec 2024 |
JP Morgan Reginald Smith 54% 1-year accuracy 14 / 26 met price target | 39%upside $16 | Overweight Maintained | 10 Dec 2024 |
Compass Point Chase White 100% 1-year accuracy 9 / 9 met price target | 13%upside $13 | Buy Maintained | 31 Oct 2024 |
Macquarie Paul Golding 80% 1-year accuracy 36 / 45 met price target | 52%upside $17.50 | Outperform Maintained | 31 Oct 2024 |
Needham John Todaro 89% 1-year accuracy 54 / 61 met price target | 5%downside $11 | Buy Reiterated | 31 Oct 2024 |
Financial journalist opinion
Based on 17 articles about RIOT published over the past 30 days
Positive
CNBC
3 hours ago
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Riot Platforms is in a solid position to capitalize on an opportunity to lease capacity to hyperscalers.
Positive
Zacks Investment Research
1 day ago
Wall Street Analysts Think Riot Platforms, Inc. (RIOT) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Negative
The Motley Fool
1 day ago
Missed Out on MicroStrategy Stock? Chairman Michael Saylor Is Praising This Little-Known Stock That's Doubled in Value in Just the Last 3 Months.
In September, Riot Platforms (RIOT -6.36%) stock dropped down to almost $6 per share, falling to its lowest price in nearly two years. In the three short months since, Riot Platforms stock has more than doubled.
Positive
The Motley Fool
4 days ago
Here's Why MicroStrategy, Mara Holdings, and Riot Platforms Stock Were All Up Big Today
Shares of MicroStrategy (MSTR 0.23%) jumped on Monday, with the stock up about 5% as of 2 p.m. ET. And it was up for multiple reasons.
Neutral
PRNewsWire
5 days ago
Riot Announces Closing of $594.4 Million Convertible Senior Notes Offering
CASTLE ROCK, Colo. , Dec. 16, 2024 /PRNewswire/ -- Riot Platforms, Inc. (Nasdaq: RIOT) ("Riot" or the "Company") today announced that it completed its previously announced offering of its 0.75% convertible senior notes due 2030 (the "2030 Notes").
Positive
The Motley Fool
1 week ago
Why Riot Platforms Stock Blasted Nearly 5% Higher on Thursday
News of a prominent investor's entry into Riot Platforms (RIOT 4.76%) juiced the cryptocurrency miner and investor's stock on Thursday. Eager investors piled into its shares, sending their value almost 5% higher on the day.
Positive
Schwab Network
1 week ago
RIOT's Bullish Potential in A.I. & Crypto with New Stakeholder
Starboard Value has reportedly taken a stake in Riot Platforms (RIOT) with plans to pivot the crypto-mining company deeper into the A.I. space. It wants Riot to convert some crypto-mining facilities into spaces for hyperscalers.
Negative
Invezz
1 week ago
Dow, S&P 500 slip as investors assess hot producer price index; Adobe plunges, while Riot Platform jumps
Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was also 0.2% lower.
Neutral
PRNewsWire
1 week ago
Riot Announces Pricing of Offering of 0.75% Convertible Senior Notes
CASTLE ROCK, Colo. , Dec. 10, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or the "Company") today announced the pricing of its offering of $525 million aggregate principal amount of its 0.75% convertible senior notes due 2030 (the "notes").
Negative
The Motley Fool
1 week ago
Why Riot Platforms Stock Tumbled by 14% Today
The price of Riot Platforms (RIOT -13.44%) stock cooled on the first trading day of the week, on the back of a sliding Bitcoin (BTC -2.84%) price and news of a fresh round of capital-raising by the cryptocurrency miner. Riot closed the day 14% lower in price, comparing unfavorably to the relatively mild (0.6%) decline of the benchmark S&P 500 (^GSPC -0.61%).
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