Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 26,130 Bitdeer Technologies Group (NASDAQ:BTDR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,130 shares of the company's stock, valued at approximately $566,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FengHe Fund Management Pte. Ltd. bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth about $10,378,000. Renaissance Technologies LLC boosted 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 worth $26,876,000 after acquiring an additional 1,206,361 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new position in Bitdeer Technologies Group in the fourth quarter valued at approximately $65,010,000. JPMorgan Chase & Co. bought a new position in Bitdeer Technologies Group in the fourth quarter valued at approximately $8,833,000. Finally, Vident Advisory LLC increased its stake 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 acquiring an additional 260,649 shares during the last quarter. Institutional investors own 22.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Bitdeer Technologies Group from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 12th. 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. Roth Mkm reissued a "buy" rating and issued a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Needham & Company LLC lifted their price objective 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. Finally, HC Wainwright reissued a "buy" rating and issued a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $19.60.

Bitdeer Technologies Group Trading Up 10.8%

BTDR stock traded up $1.36 during midday trading on Friday, hitting $13.99. The stock had a trading volume of 4,340,832 shares, compared to its average volume of 5,029,939. The firm has a market cap of $1.57 billion, a P/E ratio of -26.90 and a beta of 2.32. Bitdeer Technologies Group has a 1-year low of $5.40 and a 1-year high of $26.99. The business has a fifty day moving average price of $11.24 and a two-hundred day moving average price of $14.40.

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.