25,719 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 25,719 shares of the company's stock, valued at approximately $227,000.

A number of other large investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bitdeer Technologies Group by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,358 shares of the company's stock worth $636,000 after purchasing an additional 916 shares during the last quarter. Stonebridge Financial Group LLC boosted its position in shares of Bitdeer Technologies Group by 33.3% in the first quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Bitdeer Technologies Group by 14.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company's stock worth $208,000 after acquiring an additional 1,200 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Bitdeer Technologies Group by 56.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock worth $93,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Stock Up 0.5%

Shares of NASDAQ:BTDR traded up $0.07 during midday trading on Friday, reaching $13.24. The company had a trading volume of 4,464,125 shares, compared to its average volume of 5,214,909. The stock's fifty day moving average price is $13.13 and its 200-day moving average price is $13.61. Bitdeer Technologies Group has a one year low of $5.40 and a one year high of $26.99.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BTDR. Needham & Company LLC lifted their price target on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Cantor Fitzgerald lifted their price target on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday. B. Riley reduced their price target on shares of Bitdeer Technologies Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday. Benchmark reaffirmed a "buy" rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $21.00.

Bitdeer Technologies Group Company 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.