UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Bitdeer Technologies Group (NASDAQ:BTDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 118.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,254 shares of the company's stock after acquiring 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 SEC filing.

Several other institutional investors have also recently made changes to their positions in BTDR. Voloridge Investment Management LLC acquired a new position in Bitdeer Technologies Group in the fourth quarter valued at approximately $16,834,000. Vident Advisory LLC increased its holdings in Bitdeer Technologies Group by 29.7% in the fourth quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock valued at $24,696,000 after buying an additional 260,649 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $2,771,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth about $2,895,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Bitdeer Technologies Group during the 4th quarter valued at about $1,274,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BTDR shares. Benchmark reiterated a "buy" rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Needham & Company LLC raised their price target on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 16th. B. Riley boosted their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, HC Wainwright restated a "buy" rating and issued a $21.00 target price (down previously from $22.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of "Buy" and an average target price of $19.60.

Bitdeer Technologies Group Trading Down 3.9%

Shares of BTDR traded down $0.54 during mid-day trading on Thursday, hitting $13.29. The company's stock had a trading volume of 2,003,500 shares, compared to its average volume of 5,030,242. Bitdeer Technologies Group has a 1-year low of $5.40 and a 1-year high of $26.99. The firm has a market capitalization of $1.49 billion, a P/E ratio of -25.56 and a beta of 2.32. The firm has a 50-day simple moving average of $11.56 and a 200 day simple moving average of $14.45.

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.