BW Gestao de Investimentos Ltda. Takes $4.09 Million Position in Bitdeer Technologies Group (NASDAQ:BTDR)

BW Gestao de Investimentos Ltda. purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 188,692 shares of the company's stock, valued at approximately $4,089,000. BW Gestao de Investimentos Ltda. owned 0.17% of Bitdeer Technologies Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Yong Rong HK Asset Management Ltd bought a new stake in Bitdeer Technologies Group in the fourth quarter valued at approximately $65,010,000. Trivest Advisors Ltd acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $48,481,000. Van ECK Associates Corp bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at $29,125,000. Renaissance Technologies LLC raised its stake in Bitdeer Technologies Group by 3,558.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock worth $26,876,000 after buying an additional 1,206,361 shares during the period. Finally, HCEP Management Ltd bought a new position in Bitdeer Technologies Group during the fourth quarter worth about $11,551,000. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Trading Up 3.7 %

Shares of Bitdeer Technologies Group stock traded up $0.41 during trading hours on Wednesday, reaching $11.33. 3,885,325 shares of the company's stock were exchanged, compared to its average volume of 4,632,676. The company has a 50 day moving average of $9.60 and a two-hundred day moving average of $13.66. The stock has a market cap of $1.27 billion, a P/E ratio of -21.78 and a beta of 2.24. Bitdeer Technologies Group has a fifty-two week low of $5.25 and a fifty-two week high of $26.99.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Needham & Company LLC lowered their price target on Bitdeer Technologies Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Monday, April 21st. Rosenblatt Securities cut their price target on shares of Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Roth Mkm reissued a "buy" rating and set a $23.50 price objective (down previously from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. HC Wainwright reaffirmed a "buy" rating and issued a $21.00 target price (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Finally, Benchmark lowered their target price on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $19.50.

Bitdeer Technologies Group Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.