Situational Awareness LP raised its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR – Free Report) by 92.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,788,000 shares of the company’s stock after purchasing an additional 858,400 shares during the period. Bitdeer Technologies Group accounts for 0.4% of Situational Awareness LP’s investment portfolio, making the stock its 19th largest holding. Situational Awareness LP’s holdings in Bitdeer Technologies Group were worth $20,043,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in BTDR. Goldman Sachs Group Inc. lifted its holdings in Bitdeer Technologies Group by 167.6% during the first quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock valued at $4,265,000 after purchasing an additional 302,548 shares in the last quarter. Legal & General Group Plc lifted its holdings in Bitdeer Technologies Group by 39.0% during the second quarter. Legal & General Group Plc now owns 73,541 shares of the company’s stock valued at $844,000 after purchasing an additional 20,640 shares in the last quarter. New York State Common Retirement Fund purchased a new position in Bitdeer Technologies Group during the second quarter valued at approximately $326,000. Invesco Ltd. lifted its holdings in Bitdeer Technologies Group by 169.0% during the second quarter. Invesco Ltd. now owns 71,822 shares of the company’s stock valued at $825,000 after purchasing an additional 45,120 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Bitdeer Technologies Group during the second quarter valued at approximately $1,558,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on BTDR. Benchmark lowered their price target on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Bitdeer Technologies Group in a report on Wednesday, May 20th. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. 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. Finally, B. Riley Financial boosted their target price on shares of Bitdeer Technologies Group from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Moderate Buy” and a consensus target price of $24.50.
Bitdeer Technologies Group Price Performance
BTDR stock opened at $17.47 on Friday. Bitdeer Technologies Group has a one year low of $6.92 and a one year high of $27.80. The company’s fifty day moving average price is $12.93 and its 200-day moving average price is $11.65. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85. The company has a market capitalization of $4.12 billion, a PE ratio of -5.06 and a beta of 2.45.
Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.21). Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.The company had revenue of $188.93 million during the quarter, compared to analysts’ expectations of $184.02 million. During the same period last year, the firm posted ($0.37) EPS. Bitdeer Technologies Group’s quarterly revenue was up 169.5% compared to the same quarter last year. On average, equities analysts anticipate that Bitdeer Technologies Group will post -1.18 EPS for the current fiscal year.
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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