Aurelius Capital Management LP bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 121,653 shares of the company's stock, valued at approximately $1,074,000. Bitdeer Technologies Group accounts for 11.4% of Aurelius Capital Management LP's investment portfolio, making the stock its 3rd biggest position. Aurelius Capital Management LP owned 0.11% of Bitdeer Technologies Group at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new stake in Bitdeer Technologies Group during the 1st quarter valued at $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Bitdeer Technologies Group by 118.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,254 shares of the company's stock valued at $1,327,000 after purchasing an additional 33,182 shares during the period. SG Americas Securities LLC acquired a new stake in Bitdeer Technologies Group during the 1st quarter valued at $505,000. SBI Securities Co. Ltd. raised its stake in Bitdeer Technologies Group by 507.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 22,002 shares of the company's stock valued at $194,000 after purchasing an additional 18,378 shares during the period. Finally, Northern Trust Corp acquired a new stake in Bitdeer Technologies Group during the 4th quarter valued at $813,000. 22.25% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on BTDR. Cantor Fitzgerald reissued an "overweight" rating and set a $23.00 target price on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. HC Wainwright boosted their target price on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Benchmark reissued a "buy" rating on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Wall Street Zen lowered shares of Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $20.80.
View Our Latest Stock Report on BTDR
Bitdeer Technologies Group Stock Up 4.6%
Shares of NASDAQ:BTDR traded up $0.60 during trading on Wednesday, reaching $13.55. 3,567,012 shares of the company traded hands, compared to its average volume of 5,277,954. The firm has a fifty day simple moving average of $12.95 and a 200 day simple moving average of $12.12. The firm has a market cap of $1.52 billion, a P/E ratio of -2.88 and a beta of 2.23. Bitdeer Technologies Group has a 1-year low of $5.40 and a 1-year high of $26.99. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.
About Bitdeer Technologies Group
(
Free Report)
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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