Marshall Wace LLP Has $2.92 Million Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Marshall Wace LLP decreased its position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 85.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,918 shares of the company's stock after selling 773,117 shares during the period. Marshall Wace LLP owned about 0.12% of Bitdeer Technologies Group worth $2,924,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BTDR. Yong Rong HK Asset Management Ltd purchased a new position in Bitdeer Technologies Group in the 4th quarter valued at approximately $65,010,000. Trivest Advisors Ltd acquired a new position in Bitdeer Technologies Group in the fourth quarter valued at $48,481,000. Van ECK Associates Corp acquired a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at about $29,125,000. Renaissance Technologies LLC raised its stake in Bitdeer Technologies Group by 3,558.6% during the fourth 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 period. Finally, HCEP Management Ltd acquired a new position in Bitdeer Technologies Group in the fourth quarter valued at $11,551,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Stock Up 6.8 %

BTDR traded up $0.66 during trading on Thursday, hitting $10.23. The company's stock had a trading volume of 4,594,232 shares, compared to its average volume of 4,557,444. The firm's 50 day moving average price is $9.62 and its two-hundred day moving average price is $13.56. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -19.70 and a beta of 2.25. Bitdeer Technologies Group has a 12 month low of $5.25 and a 12 month high of $26.99.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They issued an "outperform" rating and a $26.50 price target for the company. Rosenblatt Securities dropped 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, April 10th. HC Wainwright reaffirmed a "buy" rating and set a $21.00 price target (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Northland Securities boosted their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $23.50 target price (down previously from $29.00) on shares of Bitdeer Technologies Group in a research note 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. Based on data from MarketBeat, Bitdeer Technologies Group currently has an average rating of "Buy" and a consensus price target of $19.50.

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.