Prospect Financial Group LLC Makes New Investment in BitFuFu Inc. (NASDAQ:FUFU)

Prospect Financial Group LLC acquired a new stake in shares of BitFuFu Inc. (NASDAQ:FUFU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,122 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors have also modified their holdings of the stock. Jane Street Group LLC raised its holdings in BitFuFu by 14.0% during the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock valued at $65,000 after buying an additional 1,984 shares during the period. XTX Topco Ltd bought a new position in BitFuFu during the third quarter valued at $107,000. Finally, Wellington Management Group LLP purchased a new stake in shares of BitFuFu in the third quarter valued at $110,000. 37.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of BitFuFu in a research note on Friday, February 21st.

BitFuFu Stock Performance

Shares of FUFU opened at $4.46 on Tuesday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88. BitFuFu Inc. has a 1-year low of $2.32 and a 1-year high of $7.39. The company has a 50-day moving average of $4.90 and a 200 day moving average of $4.91.

About BitFuFu

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.