Fund Resources Investment Holding Group Co Ltd grew its stake in Bitdeer Technologies Group (NASDAQ:BTDR – Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,440,418 shares of the company’s stock after purchasing an additional 276,098 shares during the period. Bitdeer Technologies Group makes up about 100.0% of Fund Resources Investment Holding Group Co Ltd’s portfolio, making the stock its biggest position. Fund Resources Investment Holding Group Co Ltd owned about 4.46% of Bitdeer Technologies Group worth $81,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of BTDR. Bank of America Corp DE increased its position in shares of Bitdeer Technologies Group by 67.5% during the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock valued at $72,753,000 after purchasing an additional 2,553,093 shares during the last quarter. Value Aligned Research Advisors LLC boosted its stake in Bitdeer Technologies Group by 137.0% during the fourth quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock worth $36,630,000 after buying an additional 1,888,825 shares during the period. State Street Corp increased its position in Bitdeer Technologies Group by 34.1% during the fourth quarter. State Street Corp now owns 3,144,782 shares of the company’s stock valued at $35,253,000 after acquiring an additional 800,003 shares during the last quarter. UBS Group AG increased its position in Bitdeer Technologies Group by 2.4% during the fourth quarter. UBS Group AG now owns 2,246,381 shares of the company’s stock valued at $25,182,000 after acquiring an additional 52,808 shares during the last quarter. Finally, CastleKnight Management LP raised its stake in shares of Bitdeer Technologies Group by 14.8% in the fourth quarter. CastleKnight Management LP now owns 2,095,116 shares of the company’s stock valued at $23,486,000 after acquiring an additional 269,875 shares during the period. Hedge funds and other institutional investors own 22.25% of the company’s stock.
Bitdeer Technologies Group Stock Up 4.8%
NASDAQ:BTDR opened at $17.18 on Friday. Bitdeer Technologies Group has a twelve month low of $6.92 and a twelve month high of $27.80. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -4.98 and a beta of 2.45. The stock has a fifty day simple moving average of $15.24 and a 200-day simple moving average of $12.25. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88.
Analyst Ratings Changes
Several research firms have recently issued reports on BTDR. Weiss Ratings upgraded shares of Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Citizens Jmp assumed coverage on shares of Bitdeer Technologies Group in a report on Wednesday. They set a “market outperform” rating and a $35.00 price target on the stock. Wall Street Zen lowered shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Bitdeer Technologies Group in a research note on Wednesday, May 20th. Finally, Zacks Research upgraded Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.45.
Read Our Latest Report on BTDR
About Bitdeer Technologies Group
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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