UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 33,182 Shares of Bitdeer Technologies Group (NASDAQ:BTDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 118.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,254 shares of the company's stock after buying an additional 33,182 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Bitdeer Technologies Group worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BTDR. Yong Rong HK Asset Management Ltd bought a new stake in Bitdeer Technologies Group during the fourth quarter valued at approximately $65,010,000. Trivest Advisors Ltd purchased a new position in shares of Bitdeer Technologies Group during the 4th quarter worth $48,481,000. Van ECK Associates Corp bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter valued at $29,125,000. Renaissance Technologies LLC increased its stake in shares of Bitdeer Technologies Group by 3,558.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock worth $26,876,000 after purchasing an additional 1,206,361 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in Bitdeer Technologies Group by 29.7% in the 4th quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock worth $24,696,000 after purchasing an additional 260,649 shares during the period. 22.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BTDR has been the subject of several recent research reports. Rosenblatt Securities boosted their price target on Bitdeer Technologies Group from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, May 12th. HC Wainwright reiterated a "buy" rating and set a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley lifted their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Roth Mkm reissued a "buy" rating and issued a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $19.60.

Bitdeer Technologies Group Trading Up 0.1%

BTDR traded up $0.02 during trading on Monday, hitting $14.01. 4,018,083 shares of the company traded hands, compared to its average volume of 5,025,891. The company has a market cap of $1.57 billion, a PE ratio of -26.94 and a beta of 2.32. Bitdeer Technologies Group has a 1 year low of $5.40 and a 1 year high of $26.99. The stock's 50-day simple moving average is $11.24 and its two-hundred day simple moving average is $14.44.

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.