Prospect Financial Group LLC Buys New Shares in BitFuFu Inc. (NASDAQ:FUFU)

Prospect Financial Group LLC bought a new position in BitFuFu Inc. (NASDAQ:FUFU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,122 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors have also bought and sold shares of the business. Jane Street Group LLC boosted its stake in shares of BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock worth $65,000 after acquiring an additional 1,984 shares during the period. XTX Topco Ltd bought a new position in BitFuFu in the 3rd quarter worth approximately $107,000. Finally, Wellington Management Group LLP purchased a new stake in BitFuFu during the 3rd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 37.26% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of BitFuFu in a report on Friday, February 21st.

BitFuFu Stock Performance

FUFU opened at $4.46 on Tuesday. The firm has a 50-day simple moving average of $4.90 and a two-hundred day simple moving average of $4.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. BitFuFu Inc. has a 52 week low of $2.32 and a 52 week high of $7.39.

BitFuFu Profile

BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.