165,000 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Bought by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 165,000 shares of the company's stock, valued at approximately $3,576,000. Bitdeer Technologies Group makes up approximately 1.7% of GeoSphere Capital Management LLC's holdings, making the stock its 10th largest holding. GeoSphere Capital Management LLC owned 0.15% of Bitdeer Technologies Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock valued at $93,000 after buying an additional 1,540 shares during the period. Quarry LP bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at $42,000. Stonebridge Financial Group LLC bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $65,000. SBI Securities Co. Ltd. bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $79,000. Finally, Quantbot Technologies LP bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $116,000. Institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Price Performance

BTDR stock traded down $1.42 during trading on Thursday, reaching $12.67. 1,875,423 shares of the company were exchanged, compared to its average volume of 4,757,272. The company has a 50-day moving average of $9.86 and a two-hundred day moving average of $13.86. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -24.19 and a beta of 2.24. Bitdeer Technologies Group has a twelve month low of $5.28 and a twelve month high of $26.99.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday. Keefe, Bruyette & Woods started coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 price target on the stock. Needham & Company LLC reduced their price target on shares of Bitdeer Technologies Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Roth Mkm reissued a "buy" rating and set a $23.50 price target (down from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Finally, HC Wainwright restated a "buy" rating and set a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $19.80.

About Bitdeer Technologies Group

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.