Capital Fund Management S.A. bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 774,020 shares of the company's stock, valued at approximately $6,835,000. Capital Fund Management S.A. owned about 0.69% of Bitdeer Technologies Group as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new stake in Bitdeer Technologies Group in the 1st quarter valued at approximately $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bitdeer Technologies Group by 118.2% in 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 buying an additional 33,182 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Bitdeer Technologies Group during the first quarter worth about $505,000. SBI Securities Co. Ltd. grew its position in Bitdeer Technologies Group by 507.1% during the first quarter. SBI Securities Co. Ltd. now owns 22,002 shares of the company's stock worth $194,000 after buying an additional 18,378 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in Bitdeer Technologies Group during the fourth quarter worth about $813,000. Institutional investors and hedge funds own 22.25% of the company's stock.
Analyst Ratings Changes
BTDR has been the topic of a number of recent research reports. Benchmark reissued a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Wall Street Zen downgraded Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Cantor Fitzgerald reissued an "overweight" rating and set a $23.00 target price on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. B. Riley reissued a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Finally, Needham & Company LLC reissued a "buy" rating and set a $17.00 target price on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $20.80.
Read Our Latest Analysis on BTDR
Bitdeer Technologies Group Price Performance
Shares of NASDAQ:BTDR traded up $0.58 during midday trading on Wednesday, reaching $13.53. The company's stock had a trading volume of 2,763,427 shares, compared to its average volume of 5,273,975. The business's fifty day simple moving average is $12.95 and its 200-day simple moving average is $12.12. The company has a market capitalization of $1.51 billion, a P/E ratio of -2.88 and a beta of 2.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 0.84. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99.
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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