Azora Capital LP Takes $23.82 Million Position in Bitdeer Technologies Group $BTDR

Key Points

• Azora Capital LP acquired 1,393,623 shares of Bitdeer (NASDAQ:BTDR) in Q3—about $23.82 million, representing roughly 0.66% of the company and a sizable new institutional stake.
• Bitdeer’s latest quarter showed revenue of $224.84M (up 225.8% YoY) and beat estimates, but it missed on EPS at $(0.73) versus a $(0.14) consensus; the stock recently traded near lows (opened $7.50; 52‑week high $27.80).
• Analyst consensus is a "Moderate Buy" with an average target of $26.60 (10 Buys, 1 Hold, 1 Sell), though several firms have trimmed price targets recently.

Azora Capital LP acquired a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,393,623 shares of the company's stock, valued at approximately $23,817,000. Azora Capital LP owned about 0.66% of Bitdeer Technologies Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BTDR. Advisors Asset Management Inc. boosted its stake in Bitdeer Technologies Group by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company's stock worth $30,000 after buying an additional 1,044 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Bitdeer Technologies Group by 7,157.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company's stock valued at $83,000 after acquiring an additional 7,157 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $105,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $159,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $191,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BTDR. BTIG Research reiterated a "buy" rating on shares of Bitdeer Technologies Group in a report on Friday, January 16th. Cantor Fitzgerald decreased their price target on Bitdeer Technologies Group to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 16th. Benchmark lowered their price target on Bitdeer Technologies Group from $38.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Bitdeer Technologies Group in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $14.00 price objective (down from $26.50) on shares of Bitdeer Technologies Group in a report on Tuesday, January 27th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.60.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $7.50 on Friday. Bitdeer Technologies Group has a fifty-two week low of $6.84 and a fifty-two week high of $27.80. The firm's 50 day moving average price is $11.07 and its 200 day moving average price is $14.07. The company has a market cap of $1.59 billion, a P/E ratio of -2.39 and a beta of 2.40. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.28.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.59). The business had revenue of $224.84 million during the quarter, compared to analysts' expectations of $208.25 million. Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. Bitdeer Technologies Group's revenue was up 225.8% on a year-over-year basis. On average, research analysts forecast that Bitdeer Technologies Group will post -0.73 earnings per share for the current fiscal year.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc NASDAQ: BTDR is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.

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