Voloridge Investment Management LLC Purchases New Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Voloridge Investment Management LLC purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 776,824 shares of the company's stock, valued at approximately $16,834,000. Voloridge Investment Management LLC owned about 0.69% of Bitdeer Technologies Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vident Advisory LLC increased its position in Bitdeer Technologies Group by 29.7% during the fourth quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock worth $24,696,000 after buying an additional 260,649 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Bitdeer Technologies Group during the fourth quarter worth approximately $2,771,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Bitdeer Technologies Group during the fourth quarter worth approximately $2,895,000. Point72 Asset Management L.P. acquired a new position in Bitdeer Technologies Group during the fourth quarter worth approximately $1,274,000. Finally, Point72 Hong Kong Ltd acquired a new position in Bitdeer Technologies Group during the fourth quarter worth approximately $10,689,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Bitdeer Technologies Group Stock Performance

Shares of BTDR stock traded down $0.62 during trading on Friday, hitting $14.46. The company had a trading volume of 3,099,536 shares, compared to its average volume of 4,919,939. The firm has a market capitalization of $1.62 billion, a P/E ratio of -27.81 and a beta of 2.24. The stock's 50-day moving average price is $10.51 and its 200 day moving average price is $14.26. Bitdeer Technologies Group has a one year low of $5.40 and a one year high of $26.99.

Analyst Ratings Changes

A number of equities analysts have weighed in on BTDR shares. Rosenblatt Securities boosted their price target on Bitdeer Technologies Group from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. HC Wainwright reissued a "buy" rating and set a $21.00 price target (down previously from $22.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Wall Street Zen raised Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday. Benchmark reaffirmed a "buy" rating and issued a $24.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an "outperform" rating and a $26.50 target price on the stock. One research 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 company. According to MarketBeat, Bitdeer Technologies Group has a consensus 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.