SummitTX Capital L.P. lifted its holdings in Bitdeer Technologies Group (NASDAQ:BTDR – Free Report) by 440.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,910 shares of the company’s stock after purchasing an additional 79,788 shares during the quarter. SummitTX Capital L.P.’s holdings in Bitdeer Technologies Group were worth $847,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Bitdeer Technologies Group by 2.2% during the third quarter. First Trust Advisors LP now owns 40,138 shares of the company’s stock valued at $686,000 after purchasing an additional 878 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Bitdeer Technologies Group by 5.6% in the third quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company’s stock worth $355,000 after purchasing an additional 1,100 shares during the period. Alliancebernstein L.P. boosted its stake in Bitdeer Technologies Group by 1.3% during the 3rd quarter. Alliancebernstein L.P. now owns 104,787 shares of the company’s stock valued at $1,791,000 after purchasing an additional 1,307 shares in the last quarter. Invesco Ltd. increased its position in shares of Bitdeer Technologies Group by 3.7% during the 4th quarter. Invesco Ltd. now owns 71,930 shares of the company’s stock valued at $806,000 after purchasing an additional 2,597 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Bitdeer Technologies Group by 17.4% during the 4th quarter. ProShare Advisors LLC now owns 18,023 shares of the company’s stock valued at $202,000 after purchasing an additional 2,670 shares during the period. 22.25% of the stock is owned by institutional investors and hedge funds.
Bitdeer Technologies Group Price Performance
NASDAQ BTDR opened at $11.10 on Friday. The stock has a market capitalization of $2.61 billion, a P/E ratio of -3.22 and a beta of 2.47. Bitdeer Technologies Group has a 1 year low of $6.92 and a 1 year high of $27.80. The business’s fifty day moving average is $15.12 and its two-hundred day moving average is $12.50. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85.
Wall Street Analyst Weigh In
A number of analysts have recently commented on BTDR shares. Zacks Research raised Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Citizens Jmp began coverage on Bitdeer Technologies Group in a report on Wednesday, June 24th. They set a “market outperform” rating and a $35.00 target price on the stock. Weiss Ratings upgraded shares of Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Needham & Company LLC boosted their price target on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.45.
Get Our Latest Stock Report on BTDR
Bitdeer Technologies Group Company Profile
Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.
Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.
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