55,787 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 55,787 shares of the company's stock, valued at approximately $1,209,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FengHe Fund Management Pte. Ltd. bought a new position in shares of Bitdeer Technologies Group during the fourth quarter valued at $10,378,000. Barclays PLC bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at $161,000. Renaissance Technologies LLC boosted its position in shares of Bitdeer Technologies Group by 3,558.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock valued at $26,876,000 after buying an additional 1,206,361 shares during the last quarter. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter valued at $65,010,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter valued at $8,833,000. 22.25% of the stock is currently owned by institutional investors.

Bitdeer Technologies Group Stock Up 2.2%

NASDAQ BTDR traded up $0.33 during trading hours on Thursday, reaching $15.08. The company's stock had a trading volume of 3,974,840 shares, compared to its average volume of 4,890,035. The firm's 50-day moving average price is $10.32 and its 200-day moving average price is $14.08. Bitdeer Technologies Group has a 1 year low of $5.40 and a 1 year high of $26.99. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -29.00 and a beta of 2.24.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BTDR. Rosenblatt Securities increased their price objective on Bitdeer Technologies Group from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Wall Street Zen raised Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday. Needham & Company LLC boosted their price target on Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Keefe, Bruyette & Woods started coverage on Bitdeer Technologies Group in a research note on Monday, January 27th. They set an "outperform" rating and a $26.50 price target for the company. Finally, HC Wainwright restated a "buy" rating and set a $21.00 price target (down from $22.00) 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 data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $20.20.

Bitdeer Technologies Group 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.