Vontobel Holding Ltd. bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,719 shares of the company's stock, valued at approximately $227,000.
Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bitdeer Technologies Group by 118.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,254 shares of the company's stock valued at $1,327,000 after buying an additional 33,182 shares during the period. SG Americas Securities LLC acquired a new position in shares of Bitdeer Technologies Group in the 1st quarter worth approximately $505,000. Renaissance Technologies LLC grew its stake in shares of Bitdeer Technologies Group by 3,558.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock worth $26,876,000 after purchasing an additional 1,206,361 shares during the last quarter. Northern Trust Corp acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter worth approximately $813,000. Finally, Bank of America Corp DE grew its stake in shares of Bitdeer Technologies Group by 286.8% in the 4th quarter. Bank of America Corp DE now owns 73,253 shares of the company's stock worth $1,587,000 after purchasing an additional 54,314 shares during the last quarter. Institutional investors and hedge funds own 22.25% of the company's stock.
Bitdeer Technologies Group Stock Performance
BTDR stock opened at $12.68 on Wednesday. The stock has a market cap of $1.42 billion, a P/E ratio of -3.11 and a beta of 2.22. The firm has a 50 day simple moving average of $12.95 and a 200 day simple moving average of $13.73. Bitdeer Technologies Group has a 52 week low of $5.40 and a 52 week high of $26.99.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, June 16th. Needham & Company LLC lifted their price objective 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. Benchmark reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, May 12th. Finally, B. Riley lifted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $20.10.
Read Our Latest Stock Report on BTDR
About Bitdeer Technologies Group
(
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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