Boothbay Fund Management LLC Makes New Investment in Bitdeer Technologies Group (NASDAQ:BTDR)

Boothbay Fund Management LLC acquired a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 54,677 shares of the company's stock, valued at approximately $1,185,000.

A number of other large investors have also recently made changes to their positions in BTDR. State Street Corp acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $1,510,000. Barclays PLC acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth about $161,000. Geode Capital Management LLC boosted its position in Bitdeer Technologies Group by 14.6% in the third quarter. Geode Capital Management LLC now owns 368,564 shares of the company's stock valued at $2,886,000 after buying an additional 46,968 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Bitdeer Technologies Group in the fourth quarter valued at approximately $308,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Bitdeer Technologies Group in the 4th quarter worth approximately $566,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $10.02 on Tuesday. Bitdeer Technologies Group has a 12 month low of $5.25 and a 12 month high of $26.99. The stock has a market capitalization of $1.12 billion, a PE ratio of -19.27 and a beta of 2.25. The business has a 50 day simple moving average of $9.79 and a 200-day simple moving average of $13.61.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Roth Mkm restated a "buy" rating and set a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Rosenblatt Securities lowered 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 report on Thursday, April 10th. Benchmark reduced their price objective 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. Northland Securities upped their target price on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods started coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 target price 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's stock. According to data from MarketBeat.com, Bitdeer Technologies Group has an average rating of "Buy" and an average target price of $19.50.

Bitdeer Technologies Group Company 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.

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