Deutsche Bank AG Has $435,000 Stock Holdings in Bitdeer Technologies Group $BTDR

Key Points

• Deutsche Bank AG increased its holdings in Bitdeer Technologies Group by 198.3% in the first quarter, acquiring an additional 32,776 shares, bringing its total to 49,301 shares valued at approximately $435,000.
• Other institutional investors also boosted their stakes in Bitdeer Technologies Group, with Charles Schwab Investment Management increasing its holdings by 45.6% and now owning 537,082 shares worth $4,742,000.
• Analysts have mixed views on Bitdeer Technologies Group, with a price target consensus of $20.80; some rating it as a "buy" while others have downgraded it to "sell."

Deutsche Bank AG boosted its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 198.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,301 shares of the company's stock after buying an additional 32,776 shares during the period. Deutsche Bank AG's holdings in Bitdeer Technologies Group were worth $435,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC grew its stake in Bitdeer Technologies Group by 33.3% during the first quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Quarry LP acquired a new stake in Bitdeer Technologies Group during the fourth quarter worth about $42,000. Wells Fargo & Company MN grew its stake in Bitdeer Technologies Group by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock worth $93,000 after buying an additional 1,540 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Bitdeer Technologies Group by 111.4% during the first quarter. KLP Kapitalforvaltning AS now owns 16,700 shares of the company's stock worth $147,000 after buying an additional 8,800 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake 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. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Trading Up 4.5%

NASDAQ:BTDR traded up $0.61 during mid-day trading on Monday, hitting $14.29. 5,550,386 shares of the company's stock were exchanged, compared to its average volume of 3,330,211. The company has a 50 day simple moving average of $13.09 and a 200-day simple moving average of $12.03. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99. The firm has a market capitalization of $1.60 billion, a P/E ratio of -3.04 and a beta of 2.23.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. B. Riley restated a "buy" rating on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Cantor Fitzgerald restated an "overweight" rating and issued a $23.00 price target on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Needham & Company LLC restated a "buy" rating and issued a $17.00 price target on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded shares of Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group has an average rating of "Buy" and an average target price of $20.80.

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.