TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 133,600 shares of the company's stock, valued at approximately $2,895,000. TENOR CAPITAL MANAGEMENT Co. L.P. owned approximately 0.12% of Bitdeer Technologies Group as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter worth $10,378,000. Barclays PLC purchased a new position in Bitdeer Technologies Group in the third quarter worth about $161,000. Renaissance Technologies LLC increased its position in shares of Bitdeer Technologies Group by 3,558.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock valued at $26,876,000 after purchasing an additional 1,206,361 shares during the last quarter. Yong Rong HK Asset Management Ltd purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at $65,010,000. Finally, JPMorgan Chase & Co. bought a new stake in Bitdeer Technologies Group in the fourth quarter worth $8,833,000. 22.25% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on BTDR. Keefe, Bruyette & Woods began coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an "outperform" rating and a $26.50 price objective on the stock. Roth Mkm reiterated a "buy" rating and issued a $23.50 target price (down previously from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. HC Wainwright reissued a "buy" rating and set a $21.00 target price (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Needham & Company LLC upped their target price on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Benchmark reissued a "buy" rating and issued a $24.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $20.20.
Read Our Latest Analysis on Bitdeer Technologies Group
Bitdeer Technologies Group Price Performance
NASDAQ BTDR traded down $0.80 during trading hours on Friday, hitting $14.28. 1,617,914 shares of the company's stock traded hands, compared to its average volume of 5,934,171. The firm's 50-day moving average is $10.41 and its 200-day moving average is $14.13. Bitdeer Technologies Group has a 52-week low of $5.40 and a 52-week high of $26.99. The company has a market capitalization of $1.60 billion, a PE ratio of -27.47 and a beta of 2.24.
Bitdeer Technologies Group Company Profile
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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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