Soros Capital Management LLC Makes New Investment in Bitdeer Technologies Group (NASDAQ:BTDR)

Soros Capital Management LLC purchased a new position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 316,700 shares of the company's stock, valued at approximately $6,863,000. Soros Capital Management LLC owned 0.28% of Bitdeer Technologies Group as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in Bitdeer Technologies Group during the 4th quarter valued at approximately $65,000. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group in the 3rd quarter worth about $66,000. SBI Securities Co. Ltd. purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at about $79,000. Wells Fargo & Company MN increased its stake in Bitdeer Technologies Group by 56.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock valued at $93,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Bitdeer Technologies Group in the fourth quarter worth about $116,000. Institutional investors own 22.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BTDR. Needham & Company LLC cut their price target on shares of Bitdeer Technologies Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, April 21st. HC Wainwright reissued a "buy" rating and issued a $21.00 target price (down previously from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Benchmark decreased their price target on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and issued a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price target on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $19.50.

Bitdeer Technologies Group Trading Up 1.2 %

BTDR stock traded up $0.13 during midday trading on Friday, reaching $10.53. 5,226,990 shares of the company's stock traded hands, compared to its average volume of 4,529,130. The stock's 50-day moving average is $9.89 and its 200 day moving average is $13.50. The stock has a market cap of $1.18 billion, a P/E ratio of -20.25 and a beta of 2.25. Bitdeer Technologies Group has a 52-week low of $5.25 and a 52-week high of $26.99.

About Bitdeer Technologies Group

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.