Hel Ved Capital Management Ltd Has $5.69 Million Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Hel Ved Capital Management Ltd cut its stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 46.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,580 shares of the company's stock after selling 229,760 shares during the quarter. Bitdeer Technologies Group makes up approximately 1.7% of Hel Ved Capital Management Ltd's portfolio, making the stock its 19th largest holding. Hel Ved Capital Management Ltd owned approximately 0.23% of Bitdeer Technologies Group worth $5,690,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Bitdeer Technologies Group during the 4th quarter valued at approximately $65,010,000. Trivest Advisors Ltd purchased a new position in Bitdeer Technologies Group in the fourth quarter valued at approximately $48,481,000. Van ECK Associates Corp acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth $29,125,000. HCEP Management Ltd purchased a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $11,551,000. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $10,378,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Northland Securities lifted their target price on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Rosenblatt Securities lowered their target price on Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday. Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 price objective for the company. Benchmark reduced their target price on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, B. Riley increased their target price on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $19.70.

Bitdeer Technologies Group Stock Down 17.2 %

BTDR stock traded down $1.52 during trading on Thursday, hitting $7.31. The company had a trading volume of 3,498,971 shares, compared to its average volume of 4,298,382. The firm has a 50-day moving average price of $11.83 and a 200-day moving average price of $13.46. The stock has a market cap of $818.92 million, a price-to-earnings ratio of -14.00 and a beta of 2.25. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99.

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.