Greenidge Generation (NASDAQ:GREE) Given New $2.00 Price Target at B. Riley

Greenidge Generation (NASDAQ:GREE – Get Rating) had its price objective decreased by analysts at B. Riley from $4.00 to $2.00 in a report issued on Tuesday, The Fly reports. B. Riley’s target price suggests a potential upside of 344.44% from the stock’s previous close.

Separately, Stifel Nicolaus lowered shares of Greenidge Generation from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th.

Greenidge Generation Stock Performance

Shares of NASDAQ:GREE opened at $0.45 on Tuesday. The company has a 50 day moving average of $0.67 and a 200-day moving average of $0.99. The firm has a market cap of $19.33 million, a P/E ratio of -0.11 and a beta of 3.41. Greenidge Generation has a twelve month low of $0.22 and a twelve month high of $12.68. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.08.

Insider Activity at Greenidge Generation

In other Greenidge Generation news, Director Atlas Capital Resources Gp Llc bought 1,190,476 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was acquired at an average cost of $0.84 per share, with a total value of $999,999.84. Following the completion of the purchase, the director now directly owns 1,190,476 shares in the company, valued at $999,999.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 66.90% of the company’s stock.

Institutional Trading of Greenidge Generation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC raised its holdings in shares of Greenidge Generation by 494.1% during the fourth quarter. Vident Investment Advisory LLC now owns 156,318 shares of the company’s stock valued at $45,000 after acquiring an additional 130,005 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Greenidge Generation by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 356,450 shares of the company’s stock valued at $103,000 after acquiring an additional 47,650 shares during the period. State Street Corp raised its holdings in shares of Greenidge Generation by 18.5% during the third quarter. State Street Corp now owns 222,743 shares of the company’s stock valued at $445,000 after acquiring an additional 34,844 shares during the period. Annandale Capital LLC acquired a new stake in shares of Greenidge Generation during the third quarter valued at approximately $70,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Greenidge Generation during the third quarter valued at approximately $183,000. 7.91% of the stock is owned by institutional investors and hedge funds.

Greenidge Generation Company Profile

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Greenidge Generation Holdings, Inc owns and operates a vertically integrated Bitcoin mining and power generation facility. It engages in the mining of Bitcoin and contributes to the security and transactability of the Bitcoin ecosystem while concurrently meeting the power needs of homes and businesses.